Potential redevelopment or renovation of existing property in miami, fl. Duplex-zoned land (t3-o) with the benefit of being a covered land play. Currently a duplex rented at $55,200 annually for a potential 6% + cap. Front is a 3/2 & back is a 2/1.5. Redevelop: potentially a new two (2) unit, 2-story duplex townhome development. Cash only as property has violations & a demolition order. Text agent to schedule discuss or see attached information. Investors are rolling into this hot area w/in walking distance to the magic city tech hub development between 59th & 64th street. Minutes to the design district, midtown miami shopping, wynwood entertainment district, edgewater/downtown & the mimo district of miami’s upper east side.
Douglas Elliman