Melrose Redevelopment | Covered Lant Play + $200 K Yearly / Units

Description:

MELROSE REDEVELOPMENT 116 units with "EXISTING INCOME."

This offering includes two contiguous lots ( 3340 NW 36 ST & 3520 NW 33 AVE ) on 36th Street, totaling approximately 0.77 acres or around 34,000 square feet. The property features a commercial auto dealer storefront of about 1,000 square feet on the western lot, and a residential duplex with approximately 2,800 square feet on the corner. Both structures are currently occupied by short-term tenants, generating an annual rental income of $216,000. The lots benefit from favorable T6-8 O zoning, which allows for development density of 150 units per acre "by right.




250 Linear Feet on highly traveled NW 36 Street


Between Palmer Lake Area & Allapattah 2,5 miles from Miami International Airport T 6 -8 O zoning/ 150 units per acre


3520 NW 33 AVE & 3340 NW 36 ST




INVESTMENT HIGHILIGHTS:



0.77 Acre with +/- (2) structures, both Resi. & Commercial property


$216,000.00 rent in place


Seller Financing


Redevelopment Potential for 116 Units


250 Linear Feet on highly traveled NW 36 Street\


Along NW 36 Street


Between Palmer Lake Area & Allapattah 2,5 miles from Miami International Airport T 6 -8 O zoning/ 150 units per acre


3520 NW 33 AVE & 3340 NW 36 ST


Land Size: .77 Acre


Zoning : T 6-8 O


Parcel ID :01-3128-013-3450 & 01-3128-013-3440+/- 250 Linear feet on NW 36 street


Asking $4,750,000.00



SELLER FINANCE AVAILABLE!

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