2765 NW 17th Terrace, Miami, FL 33125
- $1,625,000
- 4,577
- SqFt
- List Price
- $1,625,000
- Days on Market
- 144
- MLS#
- A11981015
- Sq. Ft
- 4,577
- Subtype
- Quadruplex
- County
- Miami-Dade
- Subdivision
- Paradise Park Amd Pl
- Year Built
- 1945
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)
Additional Information
- Construction
- Block
- Cooling
- Central Air
- Flooring
- Concrete
- Heating
- Central, Separate Meters
- Roof
- Concrete
- Taxes
- $16,694
- Utilities
- Cable Available, Sewer Available
- Stories
- 2
- Price Per Sqft
- $355
- Elementary School
- Kensington Park
- Middle School
- Citrus Grove
- High School
- Miami Jackson
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Listing courtesy of RE/MAX 360 Real Estate. Contact:
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Agent: Agustin Duarte | Email: aduarte@magiccityinvestments.com