Forest Park Real Estate Sold

This fully renovated 12-unit multifamily property is located in miami's thriving little river submarket and presents a prime investment opportunity. All units have undergone extensive upgrades, including a new roof, hurricane-impact windows, modern electrical systems, and a fully remodeled kitchen and bathroom making the property turnkey and minimizing maintenance costs. The property has ample parking available and the site plan has been approved for an eight-unit building. The property generates a net operating income (noi) of $198, 000, and yields a robust capitalization rate of 7.19% at the asking price. Its strong financial performance and prime little river location present an opportunity for investors seeking stable returns in a rapidly appreciating area.

Investors & developers take notice. Unlock the potential of this 2, 157 sq ft property close to miami's thriving innovation district. This single-family home offers unique blend of possibilities. The main house features 3 br, 2 ba layout, with a separate in-law suite for added flexibility. It also has solar panels for energy savings. Multifamily zoning (t-5r): highest and best use for maximum land value potential through rental income or development. Versatile space: a massive 943 sq ft workshop can be easily converted to an additional dwelling space. Prime location: situated minutes from miami's innovation district, offering strong rental demand and appreciation potential. Don't miss this chance to own a property with endless possibilities.

Investment opportunity! Shovel ready! In the approve plans, this multifamily is sitting on 14, 200 sq. Ft. Zoned t5-r multifamily with soon to be approve plans, featuring 21 units total, with parking space in ground floor. See attachments for more information. 5-7 miles from the new and upcoming magic city innovation district, and minutes from midtown. This property currently has a fourplex that provides an $8, 000 income per month.

Investment opportunity! Shovel ready! 100% approved plans, this multifamily is sitting on 14, 200 sq. Ft. Lot, this sq. Ft. Included lot next (644) folio #01-3113-026-0440. Zoned t5-r multifamily with 100% approved plans, featuring 21 units total, with parking space in ground floor. See attachments for more information. 5 miles from the new and upcoming magic city innovation district and minutes from midtown.

Develop existing plans for 8 townhomes w/ garages btwn wynwood, magic city, little river, miami beach, mia airport, & the new swerdlow group development of 5, 000 units in miami, fl in the path of progress. This is a 7, 100 sf lot zoned t5-r. “opportunity zone” great since plans are ready to come out of the ground. Alternatively, the live local act allows up to 20 units or change to small apartments for 10 units by right; subject to parking requirements. Budget friendly ‘covered land play’ for income until one demolishes & develops. This home is used as a 3/2, is updated, & rented. Complimentary approved plans, pending only the payment of impact fees & permit fees for 8 large townhomes. Development calls for 8 separate water & sewer & fp&l meters, plus rooftops w/ summer kitchens.