Over 60% potential development returns for this permit ready development site in an Opportunity Zone in Miami, FL, between Magic City & the Little River Innovation Districts; as well as between Wynwood, Miami Beach, MIA Airport, but near the new Swerdlow Group development of 5,000 + units. Plans to develop 8 townhomes w/ garages & roof top summer kitchens. Sell as condos or rental flexibility as either 8 townhomes or 4 – 3 bed townhomes; 4 – 2/2 flats, & 4 – ground level 1/1’s. Rentals for the 12 units produce best yield on costs. 7,100 SF lot Zoned T5-R. On site is an existing house rented for current income. Development pending only the payment of impact, permit fees, & tree bond by Buyer. See attached development models. The land is clear with no trees to remove, streamlining development. The property has utilities available, is near major roads and public transit, and sits close to Miami’s top hotspots. An updated home on-site currently generates $32,500 in annual rental income, providing cash flow during permitting. Tenant is MTM. Being sold as a prime development opportunity—buyers should conduct their own due diligence regarding permitting and approvals. Please do not contact or disturb the tenants.