Welcome to 340 NE 125th St, North Miami, FL 33161. Exceptional covered land-play opportunity in the heart of North Miami, generating immediate cash flow and positioned for future redevelopment. Situated on an 11,250 SF lot with R-6 Multifamily Residential zoning, the property is located within the North Miami CRA and the Arts, Culture & Design Overlay District (AOD). The site includes two separate structures totaling 3,289 SF. The fully remodeled 1,450 SF main house features 3 bedrooms and 2 bathrooms. The property also includes three oversized efficiency units currently rented at $1,400 and $1,300/month. No HOA. Recent upgrades include ES impact windows and doors, PVC plumbing, new bathrooms, a renovated kitchen with gas stovetop, laundry, covered carport, and parking for 10 vehicles. The 40-year structural recertification has been completed, with no reinspection required for approximately 10 years. Development potential is significant: By right under R-6 zoning: 2–9 units. Through local LDR density bonus: up to 12 units. Through the Live Local Act administrative process (SB 1730, 2025) within the AOD: up to 38 units, approved administratively with no board review or public hearing. Buyer to verify Live Local Act eligibility and approval process with land use counsel. NE 125th Street is North Miami’s primary east-west corridor, connecting residential neighborhoods to I-95, downtown services, and the future Brightline/Tri-Rail station. Whether maintained as a cash-flowing asset or redeveloped for higher density, this property offers rare flexibility, scale, and long-term upside.