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Closed
$1,830,000
0.19
AcreStatus
Sold - Nov 30, 2021
Size
0.19 Acres (787 m2)
Price
$9,631,579/Acre ($2,326/m2)
Type
Land
MLS Number
A10841328
On Site
2357 Days
Updated
16 Days ago
Page Views
0
Amazing investment opportunity in Little Haiti (2 FOLIOS: 111 NW 76 ST AND 110 NW 77 ST). 8 Existing CASH-FLOWING units, 100% Occupancy! Rents are Below Market! 5%+ Cap Rate in a Prime and Growing area w/ possibility to increase significantly. Favorable Zoning: T5-R! Ideal Buy-and-Hold Investment with HUGE UPSIDE for FUTURE REDEVELOPMENT. Build up to 5 stories high & 30 units, do your own research. Property Has Access on 2 Streets. **Located in OPPORTUNITY ZONE: potentially offering significant capital gains tax savings for the buyer. Little Haiti is currently developing the Magic City Innovation District Area: • Residential • Commercial • Art Galleries • Showrooms • Offices • Entertainment Spaces. Once complete it will raise rents & property values in the surrounding area along the way.
Features
All features
- Property SqFt: 8467
- Remarks: Amazing investment opportunity in Little Haiti (2 FOLIOS: 111 NW 76 ST AND 110 NW 77 ST). 8 Existing CASH-FLOWING units, 100% Occupancy! Rents are Below Market! 5%+ Cap Rate in a Prime and Growing area w/ possibility to increase significantly. Favorable Zoning: T5-R! Ideal Buy-and-Hold Investment with HUGE UPSIDE for FUTURE REDEVELOPMENT. Build up to 5 stories high & 30 units, do your own research. Property Has Access on 2 Streets. **Located in OPPORTUNITY ZONE: potentially offering significant capital gains tax savings for the buyer. Little Haiti is currently developing the Magic City Innovation District Area: • Residential • Commercial • Art Galleries • Showrooms • Offices • Entertainment Spaces. Once complete it will raise rents & property values in the surrounding area along the way.
- Internet Remarks: Amazing investment opportunity in Little Haiti (2 FOLIOS: 111 NW 76 ST AND 110 NW 77 ST). 8 Existing CASH-FLOWING units, 100% Occupancy! Rents are Below Market! 5%+ Cap Rate in a Prime and Growing area w/ possibility to increase significantly. Favorable Zoning: T5-R! Ideal Buy-and-Hold Investment with HUGE UPSIDE for FUTURE REDEVELOPMENT. Build up to 5 stories high & 30 units, do your own research. Property Has Access on 2 Streets. **Located in OPPORTUNITY ZONE: potentially offering significant capital gains tax savings for the buyer. Little Haiti is currently developing the Magic City Innovation District Area: • Residential • Commercial • Art Galleries • Showrooms • Offices • Entertainment Spaces. Once complete it will raise rents & property values in the surrounding area along the way.
- Waterfront: No info
- Days on Market: 252
- Closing Date: 2021-11-30
- Compass Point: NW
- Office Name: Keller Williams Eagle Realty
- Area: 8467
- Taxes: 4631
- Tax Year: 2019
- Listing Date: 2020-04-01T16:58:10.000-00:00
- Lot Size Square Feet: 8467
Apples-to-Apples Comparables
Price History
Current
$1.8M
High
$1.8M
Low
$1.2M
Total Change
59.1%Date
Event
Price
Change
Price Per
07/22/2020
Sold
$1.8M
0%$216 ft2
$2,326 m2
11/29/2021
Price Increased
$1.8M
59.13%$216 ft2
$2,326 m2
07/22/2020
Listed
$1.2M
$136 ft2
$1,462 m2
07/22/2020
$1.8M
Event
Sold
Change
0%Price Per
$216 ft2
$2,326 m2
11/29/2021
$1.8M
Event
Price Increased
Change
59.13%Price Per
$216 ft2
$2,326 m2
07/22/2020
$1.2M
Event
Listed
Price Per
$136 ft2
$1,462 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by John Salt • Keller Williams Eagle Realty • Buyer Agency Compensation .
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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity' Program of the Regional Multiple Listing Service of Miami Dade, Broward, Palm Beach, Collier and Lee Counties. Not all listings found on this site are necessarily listed through Subdivisions.com. Real estate listings held by brokerage firms other than Subdivisions.com are marked with the Broker Reciprocity' logo or the Broker Reciprocity' thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.
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