Beachfront Realty Inc
Listed by Beachfront Realty Inc
$1,100,000
DIXIE HIGHWAY TRACK
Details
APN 01-31-13-065-1640
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 1,909
Units 4
Year Built 1947
Acreage 0.130
Zoning T5-R
Multifamily | 4 Units
Marketing description
Two buildings - 4 fully legal corner units (no middle units) all with private outdoor spaces .Each unit features 1bed/ 1bath generating $82,800 year in gross annual income, with potential to increase to approximately 90k. Separate address and tenants pay their own utilities , minimal operating expenses. Property has Impact windows 4 water meter and 4 FPL meters . Zoned T5-R allowing development up to 5 stories and 8 units -17,825 buildable SF estimated under Miami 21 on 5.552 Sq ft lot. Located in the heart of the Innovation District neighborhood fronting 59th St and adjacent to NE 2nd Avenue ,offering stability, privacy and unique positioning. Less than 0.4 miles to the planned Innovation District Tri-Rail station (Northeast Corridor). Strong land appreciation and redevelopment potential with zoning that allows vertical growth. Across from Laundromat Art Space gallery and 1 block away from Magic City. Flood zone X. Net return 5.5% including new buyer's property taxes. Please do not disturb tenants ,all showings by appointment only.
Listing Contacts
Beachfront Realty Inc
Listed by Beachfront Realty Inc
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