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Multifamily in Virginia Gardens, FL 33166
5979 NW 37th St

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OFF MARKET
$4,150,000
$350K
Estimate Payment $23,087Closing Costs
Beds
5,508
SqFt
$753
$/SqFt
Multifamily
Built in 1965
Fourplex
REDEVELOPMENT OPPORTUNITY and APPROVED PROJECT, RETIRE OWNER is giving away an excellent OPPORTUNITY. A very well located ONE ACRE LOT (43,560 sq ft), could be rezoned to built a 200/250 Hotel units. This property already has an existing 12 rental units and also has a project to build 18 units already approved by Miami-Dade and Virginia Gardens.EXCELLENT LOCATION close to Doral, Miami Springs,826 hwy and Miami International Airport,in the exclusive area of Virginia Garden. Property contains 12 existing rental units generating a Yearly Gross Income of $186,600.The approved Project for the 18 new units will generate a Gross Income of $481,200 in today's rental market price (there is room to go up).This ideal package will allow a total of 30 rental units or rezoned to built a 200/250 Hotel.
MLS Number: A11312723
On Site: 1399 Days
Updated: 1187 Days ago
Page Views: 0

Features

Bedrooms
    Bathrooms
      Exterior and Lot Features
        Interior, Heating and Cooling
        • Heating Description: Electric
        • Cooling Description: Electric
        Building and Construction
        • Floor Description: CeramicTile
        • Year Built: 1965
        • Year Built Description: Resale
        • Style: Fourplex
        Waterfront and Water Access
        • Waterfront Frontage: No info
        School Information
          Other Property Info
          • Listing Date: 2022-12-07T16:04:26.000-00:00
          Taxes, Fees & More
          • Taxes: 25228

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          Price History

          Current
          $4.2M
          High
          $4.5M
          Low
          $4.2M
          Total Change
          -7.8%
          $4.5M$4.3M$4.1MDec 22Mar 23
          Date
          Event
          Price
          Change
          Price Per
          03/02/2023
          Price Reduced
          $4.2M
          -7.78%
          $753 ft2
          $8,110 m2
          12/07/2022
          Listed
          $4.5M
           
          $817 ft2
          $8,794 m2
          03/02/2023
          $4.2M
          Event
          Price Reduced
          Change
          -7.78%
          Price Per
          $753 ft2
          $8,110 m2
          12/07/2022
          $4.5M
          Event
          Listed
          Price Per
          $817 ft2
          $8,794 m2
          Price per square foot and days on website are not provided values and are calculated by Subdivisions.
          Listed by Igor Acosta Rubio • The Lab Realty Group, LLC • 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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