Land in Brownsville, FL 33142
Buckeye Park, 4595 NW 22nd Ct

OFF MARKET

$699,990

Estimate Payment $3,656 Closing Costs

Beds

0.15

Acre

$4,666,600

$/Acre

LandProperty Type

0.15 AcresLot Size

$4,666,600/AcrePrice per acre

PROJECT HAS RECEIVED 100% FULL ADMINISTRATIVE SITE PLAN APPROVAL FOR 18 UNITS PLUS RETAIL SPACE. (Miami-Dade stamped approved plans and approval letter attached). Mix of 6- 2 bedroom and 12 -1 bedroom plus 1,378 sq ft of commercial space. 100% parking reduction already approved. 10 min walk to metrorail. Tree removal permit approved. Qualified opportunity zone. Would qualify for waiver of impact fees. Lowest price project available at $36,000 per unit. Only 3 of the 18 units are workforce. The other 15 are fair market. Rent is capped at 120% of AMI adjusted for inflation every year. Current rent cap for the three 1 bedrooms to designate as WFH $2,194, so there is no effect on rental returns since that is above market for the area. Owner financing with a minimum of 30% down.

Listing Courtesy Of: Zilla Real Estate, Inc

Local Realty Services Provided By: Best of Luxury Realty

On Site: 1447 DaysUpdated: 1417 Days agoPage Views: 0

All features

Current Use: Commercial
Property SqFt: 6659
Remarks: PROJECT HAS RECEIVED 100% FULL ADMINISTRATIVE SITE PLAN APPROVAL FOR 18 UNITS PLUS RETAIL SPACE. (Miami-Dade stamped approved plans and approval letter attached). Mix of 6- 2 bedroom and 12 -1 bedroom plus 1, 378 sq ft of commercial space. 100% parking reduction already approved. 10 min walk to metrorail. Tree removal permit approved. Qualified opportunity zone. Would qualify for waiver of impact fees. Lowest price project available at $36, 000 per unit. Only 3 of the 18 units are workforce. The other 15 are fair market. Rent is capped at 120% of AMI adjusted for inflation every year. Current rent cap for the three 1 bedrooms to designate as WFH $2, 194, so there is no effect on rental returns since that is above market for the area. Owner financing with a minimum of 30% down.
Internet Remarks: PROJECT HAS RECEIVED 100% FULL ADMINISTRATIVE SITE PLAN APPROVAL FOR 18 UNITS PLUS RETAIL SPACE. (Miami-Dade stamped approved plans and approval letter attached). Mix of 6- 2 bedroom and 12 -1 bedroom plus 1, 378 sq ft of commercial space. 100% parking reduction already approved. 10 min walk to metrorail. Tree removal permit approved. Qualified opportunity zone. Would qualify for waiver of impact fees. Lowest price project available at $36, 000 per unit. Only 3 of the 18 units are workforce. The other 15 are fair market. Rent is capped at 120% of AMI adjusted for inflation every year. Current rent cap for the three 1 bedrooms to designate as WFH $2, 194, so there is no effect on rental returns since that is above market for the area. Owner financing with a minimum of 30% down.
Waterfront: No info
Days on Market: 29
Compass Point: NW
Office Name: Zilla Real Estate, Inc
Area: 6858
Taxes: 1403
Tax Year: 2022
Listing Date: 2022-11-28T03:39:19.823-00:00
Lot Size Square Feet: 6659