8411 Biscayne Blvd Portfolio Miami, FL 33138
Overview
We are excited to present an exceptional opportunity to acquire the most extensive land assemblage located to the east of Biscayne Blvd., featuring T5 zoning. This offering includes rental units that contribute to a steady income stream, enhancing the appeal of this investment as a covered land play. The development site spans 4.39 acres with the potential for 317 buildable units by right. The property boasts 18 existing buildings, comprising one and two-story structures, housing a total of 95 residential units and one retail space. Additionally, there are two vacant lots totaling approximately 19,350 square feet. The gross building area is around 54,630 square feet, situated on a generous 191,539 square feet of land. The zoning designations are favorable, with T6-8-O and T5-R classifications.
The property features a diverse rental range, with monthly rents ranging from $600 to $1,950, resulting in a Net Operating Income (NOI) of $700,000. Conveniently located, the development is just a 3-minute drive to the Miami Shores Country Club, a 10-minute drive to the Design District, a 15-minute drive to Downtown, a 16-minute drive to North Beach, and a 22-minute drive to Miami International Airport (ETA). This offering presents a unique prospect for those seeking a significant land investment with the added benefit of existing rental income.
Details
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Amenities
- Cooktop
- Microwave
- Refrigerator
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