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For Sale Private Address A11589153 in Miami

$4,750,000

Property Highlights

Listing ID A11589153 Status of this Listing: Active For Sale Property Type Land Lot area 34,000 Sqft/3158.70 m2 approx. Seller considers Owner Financing Time of this property on Rebonus 218 Day(s)

About this with Listing ID A11589153

Property Description: "MELROSE REDEVELOPMENT 116 units with EXISTING INCOME. " This offering includes two contiguous lots ( 3340 NW 36 ST & 3520 NW 33 AVE ) on 36th Street, totaling approximately 0.77 acres or around 34,000 square feet. The property features a commercial auto dealer storefront of about 1,000 square feet on the western lot, and a residential duplex with approximately 2,800 square feet on the corner. Both structures are currently occupied by short-term tenants, generating an annual rental income of $180,000. The lots benefit from favorable T6-8 O zoning, which allows for development density of 150 units per acre "by right. "

Useful Info

Original List Price:$4,750,000

Business Info

Gross Scheduled Income:180000

Land Lot (Parcel) Details

Number of Lots:2
Lot Size Acres:0.77
Lot Size Unit:Square Feet

Property Features

Waterfront:No
Road Responsibility:
  • Public Maintained Road

Taxes and Expenses

Tax Annual Amount:$34,774

Property Tax Notice for Buyers: Do not rely on the current property taxes paid by the seller, as your tax liabilities may increase following the sale. Transferring ownership or making improvements to the property often triggers tax reassessments, which could raise the amount you owe. If you have questions regarding property valuation, please contact the County Property Appraiser’s Office.

Tax Year:2023

Terms

Listing Terms Considered by Seller:
  • Cash
  • Owner May Carry (Owner Financing, The Seller may be interested in carrying the mortgage note)
Buyer Possession:
  • Close Of Escrow
Lease Considered:No

Community

Subdivision Name:MELROSE HEIGHTS 4TH SEC
Senior Community:No

Parking

Covered Spaces:0

Utilities

Sewer:
  • Other
Utilities Available:
  • Cable Available
  • Electricity Available
  • Sewer Available
  • Water Available
  • Other
  • Trash Collection
  • Phone Available
Water Source:
  • Public

More Details

Other Information:
Flood ZoneAE
FEMA Flood Zone DesignationsAE
Municipal Code1
Subdivision Number13

Zoning and Legal

Tax Legal Description:MELROSE HGTS 4TH SEC PB 17-21 LOTS 3-4 & 5 BLK 60 LOT SIZE 150.000 X 135 OR 15912-2405 0493 1
Real Estate Folio Number (Parcel Number):01-31-28-013-3450
Zoning Description:6100
Public Survey Township:1
Public Survey Range:31
Public Survey Section:28

Listing History

Update/EventDate/Days
Published Date:June 13, 2024 3:38 pm
On Market Date:June 13, 2024
Price Change Date Time:May 16, 2024 3:27 pm
Last Important Update Description:New Listing
Date and Time of Last Important Update:June 13, 2024 3:38 pm
Status Last Changed:June 13, 2024 3:38 pm
Photos Last Modified:June 13, 2024 7:48 pm
Last Modified:September 30, 2024 9:39 pm
Days on the Market Reference Date:June 14, 2024
Days on the Market (updated on Last Modified*):0
Cumulative Days on the Market (updated on Last Modified**):0

Additional Information

Lot Size Range:1-2.5 Acres
Number of Photos:8
Location:,City Location,1-2.5 Acres
Included:,,
Area:31
Courtesy of:RE/MAX 360 Real Estate
Universal Property Id:US-12025-N-0131280133450-R-N

Neighborhood

Postal City:Miami