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$ 1,625,000
Est. payment | /mo
0.3 Acres Lot
$ 1,625,000
Est. payment | /mo
0.3 Acres Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Paradise Park Amd Pl
MLS Listing ID A11974896
HOA Y/N No
Annual Tax Amount $17,390
Tax Year 2025
Lot Size 0.305 Acres
Acres 0.305
Lot Dimensions 71x197
Property Description
Fully leased six-unit multifamily opportunity totaling approximately 3,993 SF situated on a 13,275 SF lot with T6-8-O zoning. The property consists of four 1-bedroom units, two 3-bedroom units, plus additional leased parking income, providing stable in-place cash flow. The true upside lies in its redevelopment potential. Zoned T6-8-O, the site offers significant density flexibility with a conceptual redevelopment yield of up to ±42 units (subject to approvals). Eligible for Live Local incentives, this property presents a rare covered-land play with income during the planning phase.
Two-story building configuration. Folio: 01-3133-008-0340. Submarket: Paradise Park. Located within the Little Havana multifamily corridor, one of Miami's most consistently occupied rental markets with historically low vacancy.
Property Overview:
±3,993 SF existing improvements
Two-story multifamily building
Four (4) 1-bedroom units
Two (2) 3-bedroom units
Additional leased parking income
Fully occupied with strong in-place cash flow
Folio: 01-3133-008-0340
Development Profile:
Lot Size: 13,275 SF
Zoning: T6-8-O
Primary Zone: 6100 – Commercial Neighborhood
Live Local eligible site
Conceptual redevelopment potential of up to ±42 units (subject to verification and approvals)
Two-story building configuration. Folio: 01-3133-008-0340. Submarket: Paradise Park. Located within the Little Havana multifamily corridor, one of Miami's most consistently occupied rental markets with historically low vacancy.
Property Overview:
±3,993 SF existing improvements
Two-story multifamily building
Four (4) 1-bedroom units
Two (2) 3-bedroom units
Additional leased parking income
Fully occupied with strong in-place cash flow
Folio: 01-3133-008-0340
Development Profile:
Lot Size: 13,275 SF
Zoning: T6-8-O
Primary Zone: 6100 – Commercial Neighborhood
Live Local eligible site
Conceptual redevelopment potential of up to ±42 units (subject to verification and approvals)
Location
State FL
County Miami-dade
Community Paradise Park Amd Pl
Area 31
Exterior
Utilities Available Electricity Available, Phone Available, Sewer Available, Trash Collection, Water Available
Private Pool Yes
Building
Lot Description <1 Acre
Sewer Other
Water Public
Others
Tax ID 01-31-33-008-0340
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11974896
Listed by RE/MAX 360 Real Estate
Nearby Locations
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