220 Nw 11th Ter, Miami, FL 33136
- $2,350,000
- 6,234
- SqFt
- List Price
- $2,350,000
- MLS#
- A12019487
- Sq. Ft
- 6,234
- Subtype
- Quadruplex
- County
- Miami-Dade
- Community
- Miami North
- Subdivision
- Miami North
- Year Built
- 1960
Property Description
a 12-unit multifamily property located in the Overtown neighborhood of Miami, Florida. The property consists of eleven two-bedroom/one-bathroom units and one one-bedroom/one-bathroom unit across approximately 6,234 square feet of rentable area on a 7,500 SF lot zoned T6-8-O, permitting up to 8 stories of development. The property is currently 83.3% occupied with in-place rents averaging $1,600 per month. The property's T6-8-O zoning supports future redevelopment at up to 8 stories, providing optionality for long-term investors seeking density in Miami's urban core. The generous lot size of 7,500 square feet on a corner parcel further enhances the redevelopment potential of this site.
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Additional Information
- Status Label
- ACTIVE
- Construction
- Concrete Block Construction
- Cooling
- Central Air
- Flooring
- Vinyl
- Heating
- Central
- Lot Description
- Less Than 1/4 Acre Lot
- Roof
- Flat Tile
- Taxes
- $23,151
- Total Floors
- 3
- Stories
- 3
- Roofing
- Flat Tile
- Price Per Sqft
- $376
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Listing Courtesy Of Compass Florida, LLC, Contact: 305-209-8866