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$ 1,430,000
Est. payment /mo
Price Dropped by $30K
212 NW 7th Ave Miami, FL 33128
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Residential
Listing Status Active
Purchase Type For Sale
Subdivision City Of Miami South
MLS Listing ID A11886910
HOA Y/N No
Annual Tax Amount $16,347
Tax Year 2024
Property Sub-Type Residential
Property Description
Prime development opportunity in the heart of Little Havana, offering both immediate rental income and long-term growth potential. Zoned T6-8-R on a 5,000 SF lot, this two-story multifamily property provides a strong foundation for future construction in one of Miami's fastest-evolving neighborhoods. The existing building includes four spacious 2BR/1BA units with terrazzo or tile flooring, separate electric meters, washer/dryer hookups, and dedicated parking. The 50-year recertification was completed in 2023, adding an extra layer of confidence for investors. All units are currently occupied, allowing buyers to generate income while preparing for permitting and redevelopment. Centrally located with quick access to Brickell, downtown Miami, Coconut Grove, and the Beaches, this property combines present-day stability with outstanding land value.
Location
State FL
County Miami-dade
Community City Of Miami South
Area 20
Exterior
Utilities Available Electricity Available, Phone Available, Sewer Available, Water Available
Street Surface Paved
Private Pool Yes
Building
Faces East
Sewer Public Sewer
Water Public
Others
Tax ID 01-02-00-030-1230
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11886910
Listed by Compass Florida, LLC.
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