Opportunity to Acquire 9 Apartment Units on an Big Oversized 13,430 SF Lot (0.31 Acres) This is a rare value-add opportunity.The property offers several recent improvements, including impact windows installed by the previous owner and a new roof completed in 2018. Interior finishes include a mix of vinyl flooring and… Read More tile flooring throughout the units. In terms of cooling, 2 units have split A/C systems and 7 units have window A/C units.9 Assigned Parking SpacesCurrent rents are below market, creating significant upside potential for a new owner.The location is exceptional, and the redevelopment potential is tremendous. According to zoning, the property may allow for the development of a new 5-story multifamily building with up to 15.42 units and approximately 8,774 SF of building area.Investment Highlights:Strong value-add play through rent increasesOpportunity to modernize units and significantly boost NOILarge lot offering future redevelopment optionalityLocated in a prime rental corridor with strong demand fundamentalsThis creates a rare covered land play — generate income today while planning a future redevelopment exit.You’re not buying into a location — you’re buying into an established urban core.Buyer must independently verify all zoning, density, and development potential with the appropriate zoning department and conduct their own due diligence. Read Less
Courtesy of David Heinrich, The Keyes Company 305-931-8920
Listing Snapshot
Days Online
60
Last Updated
Property Type
Multi Family
Square Ft.
3,824
Lot Size
0.31 Acres
Year Built
1951
MLS Number
A12003925
30 Days Snapshot Of 33009
$368k
+20%
(avg) sold price
20
+100%
homes sold
184
+10%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1951, Toal building area: 3824
Lot
0.31 acres
Property
Zoning: CENTRAL
Taxes
Annual amount: $24,519
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