PLANS ARE APPROVED! ONE FOLIO, TWO LOTS! Welcome to this property located near the busy intersection of NW 7th Avenue and 55th Terrace in Miami, FL. This property is in a highly developing area with a mix of commercial, residential; near bus stops, gas stations, & I-95. The property is being offered AS-IS by owner; needs funds for another project. Price of $1,800,000 at 7% cap rate based on Proforma. INCLUDES vacant, empty lot on same property for future construction DUPLEX zoned OR change to T4-O (City of Miami process) and build a FOURPLEX. The total property size is 13,100 square feet. Building needs the following new: outside plumbing work from main water meter, meters in electrical meter room & feeders running to panels, 50 sq/ft laundry room, mini-split ACs for each bedroom, and new sidewalk/roadway on frontage. Please review the attached PDFs. An As-Built Letter is available for Structural legalization inspections. FYI, FOUR NEW 3/2 TOWNHOMES CONSTRUCTED ACROSS THE STREET ASKING $5300 RENT EACH. DEVELOPMENT CONTINUES TO HAPPEN ON NW 7 AVE CORRIDOR.