Price reduced
Photo 1 of 5$1,625,000
For sale2765 NW 17th Ter, Miami FL 33125
4,577 sq ftBuilt 1945MLS# A11981015
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About this property
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)
Property details
- Property type
- Multi-family
- Year built
- 1945
- Living area
- 4,577 sq ft
- Price per sq ft
- $355
- Property taxes
- $16,694/yr
- Parking
- 10 spaces
- Floors in building
- 9
- Building / community
- Paradise Park Amd Pl
- Status
- For sale
- MLS #
- A11981015
Location
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