$699,997 • living size area 2600 sqft
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.6310 SW 25TH ST, MIRAMAR, FL 33023
Business Opportunity - Miami Gardens Estates Sec for Sale
6310 SW 25TH ST, MIRAMAR, FL 33023Asking Price$699,997
- Living 2600sqft
- Year Built 1973
-
Days on market:
164 day(s) -
Price per sqft:
$269.23 Tax Legal Description:
MIAMI GARDENS ESTATES SEC 2 22-33 B LOT 11 BLK 8Tax Year:
2022-
MLS:
F10377185 -
Property Type:
Business Opportunity -
Style:
Duplex
Construction Type:
Concrete Block ConstructionCooling Description:
Central CoolingHeating Description:
Central HeatFloor Description:
Other FloorsSewer Description:
Municipal SewerLot Features:
1/4 To Less Than 1/2 Acre LotType of Association:
None