About This Home
This 5-bedroom, 0-bathroom multi-family at 1997 SW 17th Ct in Miami, FL is listed for $1,590,000 ($702 per sqft). Built in 1940, the home offers 2,264 sqft of living space on a N/A lot.
Key Features
- Built in 1940
- 4 parking spaces
Property Details
Amenities
Investors, builders, and developers. Exceptional income-producing property situated on an oversized 9,243 square foot corner lot in Miami's desirable Shenandoah Coral Way area. Outstanding central Miami location near Coral Gables, Coral Way, Little Havana, Brickell, Downtown Miami, Miami International Airport, LoanDepot Park, and Miami Freedom Park.
"Zoned Duplex" " Two separate, legally permitted detached residences on one lot. Front residence:4 bed, 3 bath, leased at $3,000 per month through March 2027. Rear residence:1 bed, 1 bath, leased at $1,800 per month month-to-month. Current combined gross rental income totals $4,800 per month or $57,600 annually, providing immediate cash flow while planning future redevelopment.
Zoned T3-O with Duplex Residential Future Land Use, offering significant redevelopment potential, subject to City of Miami approval. Conceptual renderings for marketing purposes only illustrate one possible redevelopment with two substantial two-story residences and a shared private pool courtyard.
"An exceptional opportunity to collect income today while planning tomorrow's redevelopment." Buyer and buyer's agent to verify zoning, permitted uses, development potential, setbacks, dimensions, and all governmental requirements. See Zoning Verificatio Letter in attachments.
Monthly Cost Estimate
$8,504/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1997 SW 17th Ct
Miami, FL 33145
WOODCREST
Features & Amenities
Exterior Features
Property Details
Flooring
Construction
Outdoor Features
Heating
Cooling
Questions & Answers
This 5-bedroom, 0-bathroom multi-family at 1997 SW 17th Ct is listed at $1,590,000 ($702/sqft). The estimated monthly payment is $8,504 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1940, 4 parking spaces. Exterior Features: Fence, Lighting, Patio.
This property is listed by Ozzie Miller and can be reached at 3055582222.
