Basics
- Category: Residential
- Type: SingleFamilyResidence
- Status: Active
- Bedrooms: 3
- Bathrooms: 1
- Half baths: 0
- Total rooms: 0
- Floors: 1
- Area: 916 sq ft
- Lot size: 7100, 7100 sq ft
- Year built: 1945
- View: Garden,None
- Subdivision Name: FOREST PARK
- County: Miami-Dade
- MLS ID: A11874907
Description
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Description:
FOREST PARK PB 4-194 LOTS 8 & 9 LESS N71FT BLK 1 LOT SIZE 71.000 X 100 OR 11301-629 1281 4 COC 24305-4652 03 2005 4 Updated home for owner user or rental income in Miami, FL between all the hot & gentrifying areas of Magic City, Little River and Swerdlow’s new mixed-use development of 5,700 units within blocks. Home currently generates $28,800 in annual rental income, providing cash flow. Large 3/1 on 7,100 sq ft lot, zoned T5-R, allows for the development of up to 10 townhomes or 20 affordable housing units in up to 5 stories, but nearly permit approved for 8 townhomes. Located in a designated Opportunity Zone, offering potential tax benefits for investors. The land is clear with no trees to remove, streamlining development and reducing yard work or tree mitigation. The property has utilities available & near major roads and public transit. Please do not contact or disturb the tenants.
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Location
- Directions: House rented. Showing and access with accepted offers during due diligence period. Do not knock on door or speak with tenant. By appointment only.
Building Details
- Water Source: Public
- Architectural Style: Detached,OneStory
- Lot Features: LessThanQuarterAcre
- Sewer: PublicSewer
- Construction Materials: Block
- Covered Spaces: 0
- Garage Spaces: 0
- Floor covering: CeramicTile
Amenities & Features
- Pool Features: None
- Parking Features: Driveway,Detached,Garage
- Roof: Shingle
- Cooling: WallWindowUnits
- Exterior Features: Shed
- Furnished: Unfurnished
- Heating: WallFurnace
- Interior Features: BedroomOnMainLevel,ConvertibleBedroom,FirstFloorEntry
- Appliances: Refrigerator,SelfCleaningOven
Nearby Schools
- Elementary School: Holmes
Expenses, Fees & Taxes
- Tax Annual Amount: $6,599
- Tax Year: 2024
Miscellaneous
- List Office Name: Douglas Elliman
- Listing Terms: Cash
- Community Features: Sidewalks
- Direction Faces: West