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Overview
- Updated On:
- August 10, 2024
- 3 Bedrooms
- 1 Bathrooms
- 1,243.00 ft2
Description
Fully remodeled 3 bed/1 bath property with zoning for up to 5 stories on the busy NW 7th Ave corridor. Opportunity to develop up to 11 units of mixed-income housing, with plans underway. Generating over $37K annually without need of further improvements. This property is perfect for a developer looking to leverage strong rezoning incentives while capitalizing on short-term income as the neighborhood thrives. Currently fully rented at $3,100 to a reliable tenant using it as an office, willing to stay or vacate if needed.
Address: 5200 NW 7th Ave, Miami FL 33127
City: Miami
Area: BOWLING GREEN
State/County: Miami-Dade County
Zip: 33127
Country: United States
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Property Id : 11923643
Price: $ 625,000
Property Size: 1,243.00 ft2
Bedrooms: 3
Bathrooms: 1
Community Features: None
Building Name: BOWLING GREEN
List Office Name: City Group Consulting, LLC
Bathrooms Full: 1
Bathrooms Half: 0
Bathrooms Total Decimal: 1
Cooling: Wall/Window Unit(s)
Days On Market: 72
Direction Faces: South
Flooring: Vinyl
Garage Spaces: 3
Heating: Window/Wall
On Market Date: 2024-05-13
Listing Id: A11586242
Previous List Price: 675000
Lot Features: Less Than 1/4 Acre Lot
Lot Size Units: Square Feet
Year Built Details: Resale
Street Name: 7th Ave
Street Number: 5200
Street Number Numeric: 5200
View: None
Water Source: Municipal Water
Other Features
Den/Library/Office
Electric Range
Family Room
First Floor Entry
Has Cooling System
Has Garage
Has Heating System
Open Parking
Refrigerator
$ 3,204.50
per month- Principal and Interest
- Property Tax
- HOA fee
$ 2,423.25
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