2765 NW 17th Ter - Apartments FOR SALE


Miami, FL 33125- Little Havana
$1,625,000 USD
305-602-0360
2765 NW 17th Ter, Miami, FL for Sale
$1,625,000 USD
Apartments - FOR SALE
1/10
null | 7.14% Cap Rate

2765 NW 17th Ter
Miami, FL 33125
Little Havana


HIGHLIGHTS

  • T 6 8 O zoning
  • existing income
  • area primed for redevelopment

OVERVIEW

Fully leased six-unit multifamily opportunity totaling approximately 3,993 SF situated on a 13,275 SF lot with T6-8-O zoning. The property consists of four 1-bedroom units, two 3-bedroom units, plus additional leased parking income, providing stable in-place cash flow. The true upside lies in its redevelopment potential. Zoned T6-8-O, the site offers significant density flexibility with a conceptual redevelopment yield of up to ±42 units (subject to approvals). Eligible for Live Local incentives, this property presents a rare covered-land play with income during the planning phase. Two-story building configuration. Folio: 01-3133-008-0340. Submarket: Paradise Park. Located within the Little Havana multifamily corridor, one of Miami’s most consistently occupied rental markets with historically low vacancy. Property Overview: ±3,993 SF existing improvements Two-story multifamily building Four (4) 1-bedroom units Two (2) 3-bedroom units Additional leased parking income Fully occupied with strong in-place cash flow Folio: 01-3133-008-0340 Development Profile: Lot Size: 13,275 SF Zoning: T6-8-O Primary Zone: 6100 – Commercial Neighborhood Live Local eligible site Conceptual redevelopment potential of up to ±42 units (subject to verification and approvals)

FOR SALE DETAILS

PRICE

$1,625,000 USD

PRICE/SF

$407 USD /SF

# OF UNITS

6

PRICE/UNIT

$270,833

CAP RATE

7.14%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,275 SF

ZONING

T6-8-O

APN/PARCEL ID

01-3133-008-0340

ASK ABOUT THIS PROPERTY

Agustin DuarteReMax 360More Info
305-602-0360

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Agustin DuarteReMax 360More Info
305-602-0360

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.