About This Property

Prime development opportunity in North Miami. Oversized 13,000 sq ft lot with existing income-producing duplex currently leased. The property received administrative approval from the city of North Miami to construct a 5 unit multifamily building, offering excellent redevelopment potential. Investors may choose to renovate and hold the existing duplex for rental income or move forward with the approval multifamily project. Also, an ideal opportunity to build a custom dream home on a large lot just minutes from Miami Shores, top schools and neighborhood shops. The exiting duplex is currently leased and in need of renovations. Tenant occupied, Do Not Disturb tenants or walk the property.

Key Features

• Built in 1947

Property Details

• Type: Single Family Home
• Year Built: 1947
• Sq Ft: 1,942
• Price / Sq Ft: $463
• HOA: Contact Agent
• Bedrooms: 0
• Bathrooms: 0
• Feature: Built in 1947
• Status: Active
• MLS Number: 1154542362
• Days on Market: 246
• Listed By: Torque Property Management · Wendy Lavana
• Zip Code: 33161