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Prime redevelopment site in Miami's Little Haiti/Innovation District. Corner T5-R parcel allows by right up to 5 stories and 8 residential units with 17,825 buildable SF. Currently improved with a four-plex. Two Duplexes - 4 fully legal corner units (no middle units) all with private outdoor spaces .Each unit features 1bed/ 1bath generating $82,800 year in gross annual income, with potential to increase to approximately 90k. Located in the heart of the Innovation District neighborhood directly behind a full block church fronting NE 2nd Avenue ,offering stability, privacy and unique positioning It is located approximately 0.4 miles from the planned Tri-Rail Station Northeast Corridor and close to Wynwood, Design District and Biscayne Blvd. Across from Laundromat Art Space gallery and 1 block away from Magic City .Flood zone X.Net return 5.5% including new buyer's property taxes. Please do not disturb tenants ,all showings by appointment only.
| a week ago | Listing first seen on site | |
| a week ago | Listing updated with changes from the MLS® |
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