2800 SW 16th Terrace, Miami, FL 33145

$695,000
1,535
SqFt
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List Price
$695,000
Status
ACTIVE
Days on Market
16
MLS#
A12078764
Subtype
Residential Income
Year Built
1924
Living Area
1,535
Subdivision
Grapeland
MLS Area Major
2410
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(833) 649-9699

Property Description

Redevelopment play with built-in income. T3O zoning permits modern multi-unit or townhome construction. Three existing units could bring in roughly $60,000/year gross, estimated, enough to carry the property through entitlement. Sold as-is; the land drives the deal, the rent is the cushion. Sized and positioned for a builder who wants the lot working before the first permit is pulled.

(833) 649-9699
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Additional Information

Taxes
$11,498
Flooring
Ceramic Tile, Other
Heating
None
Air Conditioning
Central Air, Wall/Window Unit(s)
Exterior Construction
Frame, Stucco
Roof
Shingle
Elementary School
Coral Gables Preparatory Academy
High School
Coral Gables
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Listing courtesy of Compass Florida, LLC. Contact:

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All listings featuring the RAPB + GFLR logo are provided by the Realtors® of the Palm Beaches and Greater Fort Lauderdale, Inc. and BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2019 Realtors® of the Palm Beaches and Greater Fort Lauderdale Inc. and BeachesMLS, Inc.


Agent: Gerardo Andres Gonzalez | Email: g.gonzalez@compass.com