Evanston Heights For Sale
1941 Nw Flagler Ter, Miami, FL 33135

$550,000
For Sale
Mila Bogatov
Mila Bogatov
Luxury Real Estate Broker

Details


  • MLS Number:A11652701
  • Virtual Tour: YES
  • List Price: $550,000
  • Taxes:$4,094
  • Listing Date:September 3, 2024
  • Days On Market:320

Description


5,000 Sq. Ft. development site in West Little Havana that consists of one vacant lot in a sector seeing surging development and demand. T4-R Zoning is ideal for this dynamic submarket experiencing economic growth, sub 2% vacancies pushing rental rates higher and demand is ever stronger for mixed-use infill development like this. Density allows for 4 units by right however city programs exist with mixed-income development that allows for double the density to 8. Unit mixes are open so developers can build from 1 bedroom models or even to 3 bedroom models, creative and aggressive designers may adopt even co-living approach which is a trend that has shown to be very profitable for those willing to take on the unique operations.

Location


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Mila Bogatov
Mila Bogatov
Luxury Real Estate Broker