220 NW 11th Ter, Miami, FL, 33136
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Property Details
Single Family
Description
Property Details: • Type: Single Family • Bedrooms: 0 • Bathrooms: 0 • Square Feet: 6234
Description: 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.
Location
Address
220 NW 11th Ter, Miami, FL, 33136
City
Miami
Features and Finishes
Year Built: 1960; [object Object]; [object Object]; [object Object]
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