$1,090,000New
25 NW 160th St, Miami, FL 33169
Biscayne Gardens SEC
1 / 14
Status
Active
Type
Residential
Year Built
—
Days on Market
47
Lot Size
5,400 sqft
MLS #
A12061585
About This Home
Develop 45 units in Miami Hospital District 5 blocks to Miami River Landings, Publix, Planet Fitness and 5 blocks to the U-heath | Jackson Metro-Mover Station. “Site Plan/Warrant Approval” for 45 units with 100% parking reduction under Live Local Act Submission. Excellent bargain on development site at $34,000/door land cost where larger dev sites have sold for over $100,000 per door land cost. Attain near a proforma 39% IRR in a growth market. Own this covered land play collecting the duplex rental income while you create construction documents and submit to the permit approval process. Estimate 9 to 12 months to permit approval from closing. Opportunity located in an upcoming neighborhood, between Wynwood, Edgewater & Little Havana w/ easy access to Brickell & Downtown. Large employers include University of Miami and Jackson Memorial Hospitals, Miami Dade College Medical Campus, & VA Miami Medical Center.
Building & Association
- Building Name
- GRAND VIEW PARK
- Association
- No
Lot & Construction
- Lot Features
- Central Business District, Less Than 1 Acre
- Lot Size Square Feet
- 5,400
- Waterfront
- No
- View
- No
- New Construction
- No
Public Records
- Parcel Number
- 01-31-35-010-0250
- Tax Annual Amount
- $10,527
- Tax Year
- 2,025
- Zoning
- 4601
- County Or Parish
- Miami-Dade County
Location
Courtesy of Douglas Elliman
