2765 NW 17th Ter, Miami, Florida 33125

Description

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.rnrnTwo-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.rnrnProperty Overview:rn±3,993 SF existing improvementsrnTwo-story multifamily buildingrnFour (4) 1-bedroom unitsrnTwo (2) 3-bedroom unitsrnAdditional leased parking incomernFully occupied with strong in-place cash flowrnFolio: 01-3133-008-0340rnrnDevelopment Profile:rnLot Size: 13,275 SFrnZoning: T6-8-OrnPrimary Zone: 6100 – Commercial NeighborhoodrnLive Local eligible siternConceptual redevelopment potential of up to ±42 units (subject to verification and approvals)