About This Home
This land at 1552 NW 15th Ave in Miami, FL is listed for $1,500,000 (0.12 acres).
Key Features
- 0.12 acre lot
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.
Location
1552 NW 15th Ave
Miami, FL 33125
GRAND VIEW PARK
Questions & Answers
This 0-bedroom, 0-bathroom land at 1552 NW 15th Ave is listed at $1,500,000. The estimated monthly payment is $8,023 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: 0.12 acre lot.
This property is listed by Brian Carter PA and can be reached at 3055822424.
