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$699,997
Best deal in broward. build 26 units; can be micro units 350 sqft each to keep costs low. total construction cost $2m+/-. monthly rent per unit based on comps $1,500. gross annual income $468,000. all in cost $3m+/-. $5m+ value once built based on 6%-7% cap rate. $2m in equity. seller will finance. opportunity zone: huge tax benefits. seller had preliminary development meeting with city: confirmed included plans for 26 unit building are in accordance with current zoning. could build larger 1 bedroom units. great airbnb potential being so close to hard rock & main highways. active comps $58k-$138k per unit for land. recently sold comps $50k-$59k per unit for land. subject property under $27k per unit; approx 50% off market value. see pics. large duplex on property producing cashflow.Commercial - Miami Gardens Estates Sec for Sale
6310 SW 25TH ST, MIRAMAR, FL 33023
