Description
5,000 sf site w/plans for 12 res units (12 studios) fully approved & ready to start construction immediately. Extremely efficient & simple industrial/contemporary designs yield an inexpensive & fast build. 5,800 SF building, w/revenues estimated above $270K/year. Rare opportunity w/parking exemption approved. The market is suffering a crisis of affordable housing, & with virtually 0% vacancy, these units will rent fast when built & rents will keep growing over time. The site benefits from great proximity to Miami’s biggest employment generator, the Health & Civic Center, & excellent access to lifestyle amenities. This project is quick & easy to build & will rent fast, because it's at the price point people want, close to the jobs they want, & in a neighborhood they will love living in.
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MIAMI Association of REALTORS® is not responsible for the accuracy of the information listed above. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program and the South East Florida Regional MLS and is provided here for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than the office owning this website are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Data provided is deemed reliable but not guaranteed. Copyright MIAMI Association of REALTORS®, MLS All rights reserved. Updated: 2nd June, 2023 1:50 PM (UTC)
Listing Office: Fausto Commercial Realty Consultants Inc
