Unique opportunity to acquire a strategically placed small multifamily situated on Downtown Miami and close to the Miami’s key market, Miami WorldCenter. • 2 story building with 4 units next to the I-395/State Road 836. Gross building of +/- 2,928 SF in 4,750 SF lot size. Fourplex in-place with rents of $1,200/mo. and NOI of 39K. • Lot is in an Opportunity Zone Area. • Favorable T6-8-L Zoning designation. • Automatic upzone due to Overtown CRA allows to increase the height of a development up to 20 floors and double the density. It must include a qualifying affordable housing component. • 2 minutes to Miami Central; 8 minutes to Miami Intl. Airport; 4 minutes to the Port of Miami; 10 minutes to South Beach. Property is next to the new development of 30-acre of public open space.
Listing courtesy of Global Investments Realty.