12
$2,100,000 Sale
Listed 1 day
220 NW 11th Terrace
· 0
· 0
· 4
· 6234
Key Facts
Key facts for 220 NW 11th Terrace
Property Type
Apartment, Unspecified
Parking
Unspecified , 4 parking
MLS #
A12019487
Size
6234 sqft
Basement
-
Listed on
-
Lot size
-
Tax
$23,151 /yr
Days on Market
-
Year Built
1960
Maintenance Fee
-
Description
a 12-unit multifamily property located in the Overtown neighborhood of Miami, Florida. The property consists of eleven two-bedroom/one-bathroom units and one one-bedroom/one-bathroom unit across approximately 6,234 square feet of rentable area on a 7,500 SF lot zoned T6-8-O, permitting up to 8 stori...es of development.The property is currently 83.3% occupied with in-place rents averaging $1,600 per month. The property's T6-8-O zoning supports future redevelopment at up to 8 stories, providing optionality for long-term investors seeking density in Miami's urban core. The generous lot size of 7,500 square feet on a corner parcel further enhances the redevelopment potential of this site., Directions:
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