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$1,250,000
Est. payment /mo
1,607 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,607 sqft
Price per Sqft $777
MLS Listing ID A11954117
HOA Y/N No
Year Built 1951
Annual Tax Amount $7,070
Lot Size 5,650 Sqft
Property Sub-Type Multi Family
Property Description
PRESENTING A SITE PLAN APPROVED INFILL DEVELOPMENT OPPORTUNITY WITH STREAMLINED PATH TO PERMIT &
INTERIM INCOME IN DESIRABLE NORTH BEACH ENCLAVE.
With Design Review Board (DRB) approval already secured and the project advancing toward construction permitting, this thoughtfully scaled residential project significantly reduces pre-development risk and provides a clear, efficient path toward ground-breaking. The approved plans contemplate a modern boutique building with rooftop amenities, private outdoor space, and a residential profile well-suited to the surrounding low-rise neighborhood fabric.
Positioned amidst Miami Beach's enduring demand for newer housing options and limited competing product for approved projects, the opportunity presents a compelling timing advantage with existing cash-flow that allows development on a deliberate & flexible market-driven schedule while more than covering carry costs..
INTERIM INCOME IN DESIRABLE NORTH BEACH ENCLAVE.
With Design Review Board (DRB) approval already secured and the project advancing toward construction permitting, this thoughtfully scaled residential project significantly reduces pre-development risk and provides a clear, efficient path toward ground-breaking. The approved plans contemplate a modern boutique building with rooftop amenities, private outdoor space, and a residential profile well-suited to the surrounding low-rise neighborhood fabric.
Positioned amidst Miami Beach's enduring demand for newer housing options and limited competing product for approved projects, the opportunity presents a compelling timing advantage with existing cash-flow that allows development on a deliberate & flexible market-driven schedule while more than covering carry costs..
Location
State FL
County Miami-dade
Area 32
Exterior
Private Pool Yes
Others
Tax ID 02-32-02-008-1100
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11954117
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Listed by The Alpha Commercial Advisors LLC