1866 Sw 25th Ter, Miami, FL 33133
- $1,250,000
- 1,561
- SqFt
- List Price
- $1,250,000
- Price Change
- ▼ $350,000 1776122454
- MLS
- A11962654
- Complex Name
- Natoma Park
- Status
- ACTIVE
- Type
- Multifamily
- Living Area
- 1,561
Property Description
Prime redevelopment opportunity located along The Underline. The property consists of an existing income-producing single-family residence currently generating approximately $5,400 per month. The site is approved for redevelopment into two three-story townhomes, offering the potential for a luxury residential project in a highly desirable, transit-oriented location. The property is situated on a 5,200 SF lot and currently features an approximately 2,100 SF single-family home within the Natoma Park subdivision. The site benefits from favorable T5-R zoning, allowing up to 65 units per acre by right, and is located within a Transit-Oriented Development (TOD) boundary, which may allow for increased density and development intensity, subject to municipal approvals. This offering presents a covered land play with existing income while pursuing future redevelopment potential.
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Additional Information
- Days on Market
- 213
- Style
- Duplex
- #Parking Spaces
- 2
- Year Built
- 1937
- Development Name
- Natoma Park, Underline Homes
- #Stories
- 1
- Construction Type
- Concrete Block Construction
- Section
- 15
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Listing Courtesy of RE/MAX 360 Real Estate, Contact: aduarte@magiccityinvestments.com