Forest Park Real Estate For Sale

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.

Over 60% potential development returns for this permit ready development site in an opportunity zone in miami, fl, between magic city & the little river innovation districts; as well as between wynwood, miami beach, mia airport, but near the new swerdlow group development of 5, 000 + units. Plans to develop 8 townhomes w/ garages & roof top summer kitchens. Sell as condos or rental flexibility as either 8 townhomes or 4 – 3 bed townhomes; 4 – 2/2 flats, & 4 – ground level 1/1’s. Rentals for the 12 units produce best yield on costs. 7, 100 sf lot zoned t5-r. On site is an existing house rented for current income. Development pending only the payment of impact, permit fees, & tree bond by buyer.