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About This Home
This 0-bedroom, 0-bathroom multi-family at 220 NW 11th Ter in Miami, FL is listed for $2,350,000 ($377 per sqft). Built in 1960, the home offers 6,234 sqft of living space on a N/A lot.
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 stories 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.
Key Features
- Built in 1960
- 4 parking spaces
Property Details
Monthly Cost Estimate
$12,568/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
220 NW 11th Ter
Miami, FL 33136
Miami North
Property Details
Flooring
Construction
Heating
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom multi-family at 220 NW 11th Ter is listed at $2,350,000 ($377/sqft). The estimated monthly payment is $10,183 based on 20% down at 6.5% interest.
Key features include: Built in 1960, 4 parking spaces.
This property is listed by Arthur Porosoff and can be reached at 3052098866 or art@porosoff.com.
