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Multifamily in Virginia Gardens, FL 331665979 NW 37th St
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OFF MARKET
5,508
SqFtStatus
OFF MARKETExpired
Size
5,508 SqFt (512 m2)
Price
$753/SqFt ($8,110/m2)
Type
Multifamily
Built
1965
MLS Number
A11312723
On Site
1378 Days
Updated
1166 Days ago
Page Views
0
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.
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
Apples-to-Apples Comparables
Price History
Current
$4.2M
High
$4.5M
Low
$4.2M
Total Change
-7.8%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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