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Land in Miramar, FL 33023Miami Gardens Estates, 6310 SW 25th St
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OFF MARKET
0.32
AcreStatus
OFF MARKETExpired
Size
0.32 Acres (1,307 m2)
Price
$2,187,491/Acre ($536/m2)
Type
Land
MLS Number
F10377178
On Site
1244 Days
Updated
984 Days ago
Page Views
0
Best deal in Broward. Build 26 units; can be micro units 350 sqft each to keep costs low. Total construction cost $2M+/-. Monthly rent per unit based on comps $1,500. Gross annual income $468,000. All in cost $3M+/-. $5M+ value once built based on 6%-7% cap rate. $2M in equity. Seller will finance. Opportunity zone: huge tax benefits. Seller had preliminary development meeting with city: confirmed included plans for 26 unit building are in accordance with current zoning. Could build larger 1 bedroom units. Great AirBNB potential being so close to Hard Rock & main highways. Active comps $58k-$138k per unit for land. Recently sold comps $50k-$59k per unit for land. Subject property under $27k per unit; approx 50% OFF market value. See pics. Large duplex on property producing cashflow.
Features
All features
- Approx SqFt Total Area: 14064
- Property SqFt: 14064
- Remarks: Best deal in Broward. Build 26 units; can be micro units 350 sqft each to keep costs low. Total construction cost $2M+/-. Monthly rent per unit based on comps $1, 500. Gross annual income $468, 000. All in cost $3M+/-. $5M+ value once built based on 6%-7% cap rate. $2M in equity. Seller will finance. Opportunity zone: huge tax benefits. Seller had preliminary development meeting with city: confirmed included plans for 26 unit building are in accordance with current zoning. Could build larger 1 bedroom units. Great AirBNB potential being so close to Hard Rock & main highways. Active comps $58k-$138k per unit for land. Recently sold comps $50k-$59k per unit for land. Subject property under $27k per unit; approx 50% OFF market value. See pics. Large duplex on property producing cashflow.
- Internet Remarks: Best deal in Broward. Build 26 units; can be micro units 350 sqft each to keep costs low. Total construction cost $2M+/-. Monthly rent per unit based on comps $1, 500. Gross annual income $468, 000. All in cost $3M+/-. $5M+ value once built based on 6%-7% cap rate. $2M in equity. Seller will finance. Opportunity zone: huge tax benefits. Seller had preliminary development meeting with city: confirmed included plans for 26 unit building are in accordance with current zoning. Could build larger 1 bedroom units. Great AirBNB potential being so close to Hard Rock & main highways. Active comps $58k-$138k per unit for land. Recently sold comps $50k-$59k per unit for land. Subject property under $27k per unit; approx 50% OFF market value. See pics. Large duplex on property producing cashflow.
- Waterfront: No info
- Days on Market: 260
- Compass Point: SW
- Office Name: United Realty Group Inc.
- Area: 14064
- Taxes: 6850
- Tax Year: 2022
- Listing Date: 2023-04-20T12:47:44.000-00:00
- Lot Size Square Feet: 14064
Apples-to-Apples Comparables
Price History
Current
$700K
High
$975K
Low
$700K
Total Change
-28.2%Date
Event
Price
Change
Price Per
11/27/2023
Price Reduced
$700K
-6.65%$50 ft2
$536 m2
10/17/2023
Price Reduced
$750K
-3.85%$53 ft2
$574 m2
09/26/2023
Price Reduced
$780K
-10.52%$55 ft2
$597 m2
09/14/2023
Price Reduced
$872K
-2.9%$62 ft2
$667 m2
08/22/2023
Price Reduced
$898K
-7.95%$64 ft2
$687 m2
04/20/2023
Listed
$975K
$69 ft2
$746 m2
11/27/2023
$700K
Event
Price Reduced
Change
-6.65%Price Per
$50 ft2
$536 m2
10/17/2023
$750K
Event
Price Reduced
Change
-3.85%Price Per
$53 ft2
$574 m2
09/26/2023
$780K
Event
Price Reduced
Change
-10.52%Price Per
$55 ft2
$597 m2
09/14/2023
$872K
Event
Price Reduced
Change
-2.9%Price Per
$62 ft2
$667 m2
08/22/2023
$898K
Event
Price Reduced
Change
-7.95%Price Per
$64 ft2
$687 m2
04/20/2023
$975K
Event
Listed
Price Per
$69 ft2
$746 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Michael Sheer • United Realty Group Inc. • Buyer Agency Compensation .
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Scores
80
100
39
100
71
100
64
100
1
100
46
100
6
100
Community Snapshot
3 – 4 BR
Bedrooms
$600K – $784K
Price Tier
720 - 2,858
SqFt Range
1971
Year Build
1
Total Floors
Subdivision Amenities
None
Miramar Entry-Level Entry-Level Homes & Condos
- Amber Lake House0
- Aventine At Miramar Condo12
- Bellagio At Vizcaya Mixed1
- Boardwalk At Vizcaya Mixed3
- Caribbean Condo2
- Catalina At Miramar Townhouse0
- Cinnamon Homes House1
- Coral Heights Multifamily1
- Coral Isle At Nautica House1
- Courtyards At Nautica Condo8
- Escada At Vizcaya Mixed3
- Estates Of Lake Miramar House0
- Foxcroft House7
- Lakeshore At University Park Condo16
- Lakeview Townhomes House1
- Las Terrazas At Vizcaya Mixed6
- Manor Miramar Condo0
- Melrose Cove House1
- Melrose Point Townhouse5
- Miami Gardens Estates Mixed2
- Mirabella Townhouse4
- Miramar Club Condo8
- Missionwood At Miramar Townhouse4
- Montclair Townhouse4
- Montego Bay Townhouse0
- Murano At Hampton Park Townhouse4
- Palm Cove House0
- Portofino North House1
- Positano Townhouses Townhouse1
- River Run House4
- Riverdale House1
- Riviera Isles Mixed15
- Santorini At Vizcaya Mixed3
- Silver Falls Mixed12
- Silver Shores House17
- St Andrews At Miramar Condo5
- Sunshine Garden Condo0
- The Enclave At Miramar Condo7
- The Reserve At Huntington House1
- The Residences At Miramar Condo9
- Tuscany Townhouse11
- Verano At Miramar Condo2
- Village Walk Mixed8
- Villas At Nautica Townhouse4
- Waterview House0
- Windsor Palms House7
- Woodscape Townhomes Townhouse0
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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