8 photos
USD 598,000
5200 NW 7th Ave
Miami, Florida 33127
For Sale
Property Description
A completely remodeled 3 bed / 2 bath Single Family Residence with zoning that allows for up to 5 stories, fronting the high-traffic NW 7th Avenue corridor. This lot offers the future development opportunity to recognize up to 11 units for attainable mixed-income housing, with existing plans in the works.
With the ability to net over $25,000 annually without additional improvements, this property is best seen as a covered land play for a developer looking to take advantage of the strong redevelopment incentives the zoning affords in the future while capitalizing on the in-place income for the shortterm as the neighborhood continues to grow and thrive.
Listed by APEX Capital Realty LLC
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Property Details
- ID #
- A11305124
- Status
- Sale
- Type
- Commercial, Industrial
- Zip Code
- 33127
- Year Built
- 1920
- Occupancy
- Call Listing Agent
- Type of Building
- Free Standing
- Utilities
- Internet
- Zoning Information
- T5-O
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Listing content provided by the Miami Association of REALTORS
Disclaimer: BBC: 3%, The offer of compensation is made only to participants of the MLS where the listing is filed.