Listed by Fausto Commercial
$1,350,000
24-Unit Dev Site | Wynwood Norte (Income in Place)
Details
APN 01-3125-024-0960
Property Type Land, Multifamily
Sub Type Residential
Square Footage 2,050
Net Rentable (SqFt) 2,050
Units 2
Cap Rate 4.63%
NOI $62,555
Occupancy 100%
Price per SqFt $659
Class B
Year Built 1947
Year Renovated 2019
Buildings 1
Stories 1
Lot Size (SqFt) 7,200
Zoning T4-R
Investment Type Redevelopment
Land | 7,200 SqFt
Investment highlights
By-right potential for 24 units with no parking
Provides holding income while entitlements and design are completed
High-Density Efficiency: T4-R + NRD-2 allows ~150 units/acre with no parking requirement under 20K SF.
Flexible Terms: Seller financing potential reduces upfront equity and boosts early-stage returns.
Listing Contacts
Listed by Fausto Commercial
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Loan Amount
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Annual Debt Service
$--
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Annual Cash Flow
$62,555.00
$5,212.92/mo
Valuation Metrics
0
DSCR
4.63%
Cap Rate
4.63%
ROI
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