Development opportunity. Prime SOUTH BEACH location on private street with/ Bay access. Current structure offers immediate income while you explore potential for transformational development. Build up to 6 stories. RM-2 residential multifamily, medium-intensity district single-family detached dwellings, townhomes, apartments, apartment hotels, hotels, hostels, and suite hotels. Height: Up to 60 feet (approx. 6 stories) FAR: 2.0 Maximum Built Area Allowed: 10,000 sqft Maximum Residential Units: 10 Maximum Building Footprint: 2,196 Lot Coverage: 45% (2,250 sq ft per floor footprint) Uses: Luxury multifamily, townhouses, boutique hotel, short-term rentals (with approval). Income-producing two-story fourplex steps away from the BAY and Lincoln Road. Total of 2 2-bed / 2-bath units and 2 2-bed 1-bath units, Zoned RM-2. Can be used for SHORT TERM rentals with license. The building is well maintained with hurricane doors and windows, upgraded electrical, energy-efficient water heaters, and new PVC piping for water and sewer. NO REPAIRS NECESSARY* Units larger than tax roll. Each unit has a balcony or private porch. Total of four parking spaces. Fully rented with long-term tenants. DO NOT DISTURB TENANTS* Buyer must show proof of funds and sign NDA to obtain financials. STREET DOES NOT FLOOD