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Home61's Closings in
Miami, FL
Investor’s dream: shovel-ready lot for a luxury townhouse duplex – $1. 3m to $1. 5m per side value & $18k monthly income potential
investors, builders, and end users – calling all! this lot is fully prepped and shovel-ready for construction with a foundation pin survey completed and plans approved for a stunning side-by-side townhouses build, featuring 6 bedrooms and 5. 5 bathrooms in each unit. The property is in the process of condo conversion, allowing each side to be separately deeded with a 6-bedroom, 5. 5-bathroom c/o per unit. Seller can transfer the condo conversion and approved building plans to the buyer, with both architect and attorney services already retained and paid. Each side has a projected townhouse condo value of $1,300,000 to $1,500,000 when complete and can generate approximately $9,000 per month in rental income per side. Situated on a rare 75 x 100 lot. Approved plans available in the document center.
Data is provided by OneKey MLS.