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Wynwood North Multifamily Develpoment and income producing building. 8 unit building 100 % lease with excellent Return on investment. Build was upgrade with impact windows, new Ac and new water heater about 10 years ago. Steady annual increase in rental income bring the CAP rate to a healthy 6.2 % .The caviar on the deal is the zoning allowances to build up to 21 units with no parking restrictions and change in your own time the future of the property by collecting rent thru the process of approval and when ready develop your new multifamily building with the potential to sale as condo with a huge appetizes for relocating to the area .Lot size is 50 w x 143 L . Please call listing agent for more information’s on flyer of income and expenses and rent rolls. Investor & developer welcome.
Listing Updated: 2024-08-02 03:25:29
