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Gelfand Realty Miami Properties for Sale - Commercial for Sale

6310 SW 25TH ST, MIRAMAR, FL 33023

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Commercial - Miami Gardens Estates Sec for Sale

6310 SW 25TH ST, MIRAMAR, FL 33023

Asking Price$779,850

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  • Tax Legal Description:

    MIAMI GARDENS ESTATES SEC 2 22-33 B LOT 11 BLK 8

  • Tax Year:

    2022

  • Property Type:

    Commercial

  • Sewer Description:

    Public Sanitation

  • Lot Features:

    Oversized Lot

Description

$779,850

Rare opportunity to build 26 unit apartment complex in miramar right off 441 and miramar pkwy. hot rental area. opportunity zone. huge tax benefits. seller had preliminary meeting with city: included plans for 26 unit building are in accordance with current zoning. permits have not been pulled. use these plans, customize them, or design your own. active comps in broward:$58k-$138k per unit for land. recently sold comps in broward:$50k-$59k per unit for land. subject property is under $30k per unit; over 40% off the low end of market value. new 1 bed apts in broward county rent:$2.1k-$4k. see pics. potential for over 15% cap rate conservatively (depending on building cost). large duplex on the property currently rented: cashflow while pulling pemits, etc. seller will finance.

Similar Properties in this Area

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