In the heart of Edgewater, unique and hard to find beautiful Mediterranean-style building. Ideal for adaptative reuse as hospitality assets. 3 storey building with 20 units fully renovated, gross area of 20,367 sq ft in 0.4311 +/- acre lot size. Favorable T6-36A (O) Zoning designation allows for the building of a 65 unit +/- residential apartment building. Designated as a historic district in 2013 by the City of Miami. Property is eligible to transfer unused development rights for additional income and ROI. 100% occupied, over 32K rent income per month. The layout includes studios, 1/1 and 2/1 apartments.
Courtesy of: Global Investments Realty MIAMI Association of REALTORS® is not responsible for the accuracy of the information listed above. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program and the South East Florida Regional MLS and is provided here for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than the office owning this website are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Data provided is deemed reliable but not guaranteed. Copyright MIAMI Association of REALTORS®, MLS All rights reserved. Updated: 2nd December, 2022 11:43 PM (UTC)
Interested in this property?
LUXURY REAL ESTATE SPECIALIST / WERC REALTY
Michael J Johnigean, PLLC161 Aragon Ave, Coral Gables, Florida 33134