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Development Potential: approved plans: 4 units, each with 3 bedrooms and 2 bathrooms (1,600 sq ft per unit) Potential income $14,000 per month Maximum potential: (plans can be modified)to up to 12 units . Additional Considerations: Appreciation: Plans include 8 parking spaces, which may need to be increased if the number of units is maximized. Rental market: Research the local rental market to determine demand for 3/2 units and potential rental rates. Overall, this property offers significant potential for investors looking to capitalize on the growing demand for multifamily housing. Current State: Main house: 4 bedrooms, 3 bathrooms (potential rental income) Efficiency unit: 1 bedroom, 1 bathroom Land: 13,127 sq ft corner lot
| DAYS ON MARKET | 55 | LAST UPDATED | 9/19/2024 |
|---|---|---|---|
| TRACT | PALM SPRINGS AMD | YEAR BUILT | 1952 |
| COMMUNITY | 21 | COUNTY | Miami-Dade |
| STATUS | Active | PROPERTY TYPE(S) | Single Family |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AMENITIES | Maintenance Structure |
| APPLIANCES | Dishwasher, Dryer, Electric Range, Microwave, Refrigerator, Washer |
| AREA | 21 |
| CONSTRUCTION | BLOCK |
| HEAT | CENTRAL |
| INTERIOR | Pantry |
| LOT | 13127 acre(s) |
| LOT DESCRIPTION | Waterfront |
| PARKING | Circular Driveway, Driveway |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| STYLE | Detached, OneStory, Ranch |
| SUBDIVISION | PALM SPRINGS AMD |
| TAXES | 4939 |
| UTILITIES | Cable Available |
| VIEW | Yes |
| VIEW DESCRIPTION | Garden |
| WATER | Public |
| WATERFRONT | Yes |
| WATERFRONT DESCRIPTION | Canal Front |
| ZONING | 4400 |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with RE/MAX Advance Realty II
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