USD 1,200,000

670 NW 56th St
Miami, Florida 33127

Beds
Baths 0

Property Description

8 unit Multifamily with 10,500 sqft corner lot zoned T68O. 7 studios and 1 one bed one bath.
Currently at a 5.5% Cap - Proforma - 7.98 % Cap - Airbnb Proforma: 14% Cap

Zoning allows for an array of uses including mix use residential, short term rental(Airbnb), commercial, retail, office, food and recreational, Alcohol service establishment, religious facility, pre-school, research facility. Zoning also allows to build up to 8 stories for future development.

Property is located just west of I-95 with easy access to the airport, Downtown, Brickell, 20 blocks to Midtown and design district, 40 blocks from Wynwood.

Listed by Fausto Commercial Realty Consultants Inc

Property Details

ID #
A11306808
Status
Sale
Type
Commercial, Industrial
Zip Code
33127
Year Built
1952
Floor
Concrete Floors
Occupancy
Tenant Occupied
Parking
Street Parking
Type of Building
Residential-Multi-Family
Utilities
Internet
Zoning Information
6100
Disclaimer: BBC: 1.5%, The offer of compensation is made only to participants of the MLS where the listing is filed.
Listing content provided by the Miami Association of REALTORS

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