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Development Potential: approved plans: 4 units, each with 3 bedrooms and 2 bathrooms (1,600 sq ft per unit) Potential income $14,000 per month Maximum potential: (plans can be modified)to up to 12 units . Additional Considerations: Appreciation: Plans include 8 parking spaces, which may need to be increased if the number of units is maximized. Rental market: Research the local rental market to determine demand for 3/2 units and potential rental rates. Overall, this property offers significant potential for investors looking to capitalize on the growing demand for multifamily housing. Current State: Main house: 4 bedrooms, 3 bathrooms (potential rental income) Efficiency unit: 1 bedroom, 1 bathroom Land: 13,127 sq ft corner lot
DAYS ON MARKET | 124 | LAST UPDATED | 9/19/2024 |
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TRACT | PALM SPRINGS AMD | YEAR BUILT | 1952 |
COMMUNITY | 21 | COUNTY | Miami-Dade |
STATUS | Active | PROPERTY TYPE(S) | Single Family |
ADDITIONAL DETAILS | |
AIR | Central Air |
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AIR CONDITIONING | Yes |
AMENITIES | Maintenance Structure |
APPLIANCES | Dishwasher, Dryer, Electric Range, Microwave, Refrigerator, Washer |
AREA | 21 |
CONSTRUCTION | BLOCK |
HEAT | CENTRAL |
INTERIOR | Master Downstairs, Pantry |
LOT | 13127 acre(s) |
LOT DESCRIPTION | Waterfront |
PARKING | Circular Driveway, Driveway |
POOL DESCRIPTION | None |
SEWER | Public Sewer |
STORIES | 1 |
STYLE | Detached, OneStory, Ranch |
SUBDIVISION | PALM SPRINGS AMD |
TAXES | 4939 |
UTILITIES | Cable Available |
VIEW | Yes |
VIEW DESCRIPTION | Garden |
WATER | Public |
WATERFRONT | Yes |
WATERFRONT DESCRIPTION | Canal Front |
ZONING | 4400 |
TOTAL MONTHLY PAYMENT
SATELLITE VIEW |
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