Description
2-story building with 4 units next to the I-395/State Road 836. Gross building of +/- 2,928 SF in 4,750 SF lot size. Fourplex in-place with rents of $1,200/mo. and projected NOI of 39K. Lot is in an Opportunity Zone Area. Favorable T6-8-L Zoning designation. Automatic upzone due to Overtown CRA allows to increase the height of development up to 20 floors and double the density. It must include a qualifying affordable housing component. 2 minutes to Miami Central; 8 minutes to Miami Intl. Airport; 4 minutes to the Port of Miami; 10 minutes to South Beach. Property is next to the new development of 30 acres of public open space, the I-395 Signature Bridge / Underdeck Project.
School Ratings & Info
Description
2-story building with 4 units next to the I-395/State Road 836. Gross building of +/- 2,928 SF in 4,750 SF lot size. Fourplex in-place with rents of $1,200/mo. and projected NOI of 39K. Lot is in an Opportunity Zone Area. Favorable T6-8-L Zoning designation. Automatic upzone due to Overtown CRA allows to increase the height of development up to 20 floors and double the density. It must include a qualifying affordable housing component. 2 minutes to Miami Central; 8 minutes to Miami Intl. Airport; 4 minutes to the Port of Miami; 10 minutes to South Beach. Property is next to the new development of 30 acres of public open space, the I-395 Signature Bridge / Underdeck Project.
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