2800 SW 16th Terrace, Miami, FL 33145

$725,000
1,535
SqFt

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List Price
$725,000
Days on Market
109
MLS#
A12008506
Year Built
1924
Living Area
1,535
MLS Area Major
2410

Property Description

Redevelopment play with built-in income. T3O zoning permits modern multi-unit or townhome construction. Three existing units could bring in roughly $60,000/year gross, estimated, enough to carry the property through entitlement. Sold as-is; the land drives the deal, the rent is the cushion. Sized and positioned for a builder who wants the lot working before the first permit is pulled.

Additional Information

Taxes
$11,498
Utilities
Cable Not Available
Heating
None
Air Conditioning
Central Air, Wall/Window Unit(s)
Exterior Construction
Frame, Stucco
Roof
Shingle
Elementary School
Coral Gables Preparatory Academy
High School
Coral Gables

Listing courtesy of Compass Florida, LLC.

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