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$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!
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Courtesy of One Sotheby's International Realty
Commercial - Saville Palms @ Palm Grove for Sale
570 NE 68TH ST, MIAMI, FL 33138Asking Price$2,850,000 Change Price$100,000
- Lot size 7200sqft
- Taxes $16,489
- Year Built 1937
Description
Commercial - Saville Palms @ Palm Grove for Sale
570 NE 68TH ST, MIAMI, FL 33138Asking Price$2,850,000 Change Price$100,000
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