2765 Nw 17th Terrace, Miami, FL

$1,625,000

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4,577

Square feet

About 2765 Nw 17th Terrace

Fully leased six-unit multifamily opportunity totaling approximately 3,993 SF situated on a 13,275 SF lot with T6-8-O zoning. The property consists of four 1-bedroom units, two 3-bedroom units, plus additional leased parking income, providing stable in-place cash flow. The true upside lies in its redevelopment potential. Zoned T6-8-O, the site offers significant density flexibility with a conceptual redevelopment yield of up to ±42 units (subject to approvals). Eligible for Live Local incentives, this property presents a rare covered-land play with income during the planning phase. Two-story building configuration. Folio: 01-3133-008-0340. Submarket: Paradise Park. Located within the Little Havana multifamily corridor, one of Miami’s most consistently occupied rental markets with historically low vacancy. Property Overview: ±3,993 SF existing improvements Two-story multifamily building Four (4) 1-bedroom units Two (2) 3-bedroom units Additional leased parking income Fully occupied with strong in-place cash flow Folio: 01-3133-008-0340 Development Profile: Lot Size: 13,275 SF Zoning: T6-8-O Primary Zone: 6100 – Commercial Neighborhood Live Local eligible site Conceptual redevelopment potential of up to ±42 units (subject to verification and approvals)

Features of 2765 Nw 17th Terrace

MLS® # A11981015
Price $1,625,000
Square Footage 4,577
Year Built 1945
Type Multi-Family
Sub-Type Quadruplex
Status Active

Community Information

Address 2765 Nw 17th Terrace
Area 2310
Subdivision PARADISE PARK AMD PL
City Miami
County Miami-Dade
State FL
Zip Code 33125
HOPA No Hopa

Amenities

Utilities Cable Available, Sewer Available
Is Waterfront No
Has Pool No

Interior

Heating Central, Separate Meters
Cooling Central Air
# of Stories 2

Exterior

Roof Concrete
Construction Block

School Information

Elementary Kensington Park
Middle Citrus Grove
High Miami Jackson

Additional Information

Zoning 6100
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeRE/MAX 360 Real Estate

Listing Map

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