5979 NW 37th St
Virginia Gardens, Florida 33166

REDEVELOPMENT OPPORTUNITY and APPROVED PROJECT, RETIRE OWNER is giving away an excellent OPPORTUNITY. A very well located ONE ACRE LOT (43,560 sq ft), could be rezoned to built a 200/250 Hotel units. This property already has an existing 12 rental units and also has a project to build 18 units already approved by Miami-Dade and Virginia Gardens.EXCELLENT LOCATION close to Doral, Miami Springs,826 hwy and Miami International Airport,in the exclusive area of Virginia Garden. Property contains 12 existing rental units generating a Yearly Gross Income of $186,600.The approved Project for the 18 new units will generate a Gross Income of $481,200 in today's rental market price (there is room to go up).This ideal package will allow a total of 30 rental units or rezoned to built a 200/250 Hotel.