We use technical and analytics cookies to ensure that we give you the best experience to our website
+1 646-431-8072
Back

Asking Price$2,850,000 Change Price$100,000

  • Lot size 7200sqft
  • Taxes $16,489
  • Year Built 1937
  • Days on market:

    132 day(s)
  • Original Price:

    $2,750,000
  • Tax Legal Description:

    MORNINGSIDE AMD PL PB 15-15 LOT 10 BLK 4 LOT SIZE 7200 SQUARE FEET OR 20657-2080 0902 4
  • Property Type:

    Commercial
  • Construction Type:

    Cbs Construction
  • Special Listing Conditions:

    Sale

Description

$2,850,000

Investors: upside galore! welcome to saville palms: substantially renovated multi-family compound with 8 apartments (3,796 sf leasable space) in 2 stand-alone buildings on a 7,200 sf lot with miami 21 t5-l zoning, allowing for short-term rentals, hotel, live-work, food service, general commercial, and recreation. as a vacation/short-term rental, this property could generate $250k+ gross income with ~$175k+ noi, for a cap-rate ~9%! bonus: property comes with valuable palm grove historic district tdr entitlements. all in a non-flood zone, steps from all the hip mimo district restaurants and shops, just a few blocks from the upcoming multi-billion dollar magic city innovation district, and minutes to design district, mid-town, downtown and the beaches. opportunity awaits!
WhatsApp agent

Similar Properties in this Area

* MLS is not responsible for the accuracy of the information listed above. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program and the MLS and is provided here for consumers` personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than the office owning this website are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Data provided is deemed reliable but not guaranteed. Copyright MLS All rights reserved. Courtesy of One Sotheby's International Realty