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The properties consist of three vacant lots "Little River" subdivision of Miami FL. The lots have similar zoning allowing for more density on the T4 lots and less on the T3. Combined, the lots total 21,580 ft of land with the potential "by right" to build fourteen units. The owners' vision is that of a loosely tied "Townhome Enclave". All the parcels are positioned centrally within the Little River vicinity, nestled just northwest of the prosperous Edgewater and NIMO neighborhoods. To the south lie Downtown Miami and Miami Beach, while to the north, North Miami Beach remains a focal point for developers. As of 2024, it comprises 9% of Miami's units under construction, marking a significant surge from slightly over 4% prior to 2019. Sales volume accelerated in 2021 but has since slowed, with $110 million in volume in 2022 and 2023 volume totaling $170 million, still, this remains elevated relative to pre-pandemic levels. The subject property is a one-parcel 0.17 AC (7,150 SF) lot. The site has approximately 50 feet of frontage on NW 61st St. North to South and is close to 148ft deep. T-3, O Zoning. (4) buildable units: $443,000.00. Entire Assemblage: $1,338,000.00

A12050908 MLS ⋅ 33127 Zip Code ⋅ Rockmoor Park Track BLDG.

The properties consist of three vacant lots "Little River" subdivision of Miami FL. The lots have similar zoning allowing for more density on the T4 lots and less on the T3. Combined, the lots total 21,580 ft of land with the potential "by right" to build fourteen units. The owners' vision is that of a loosely tied "Townhome Enclave". All the parcels are positioned centrally within the Little River vicinity, nestled just northwest of the prosperous Edgewater and NIMO neighborhoods. To the south lie Downtown Miami and Miami Beach, while to the north, North Miami Beach remains a focal point for developers. As of 2024, it comprises 9% of Miami's units under construction, marking a significant surge from slightly over 4% prior to 2019. Sales volume accelerated in 2021 but has since slowed, with $110 million in volume in 2022 and 2023 volume totaling $170 million, still, this remains elevated relative to pre-pandemic levels. The subject property is a one-parcel 0.17 AC (7,150 SF) lot. The site has approximately 50 feet of frontage on NW 61st St. North to South and is close to 148ft deep. T-3, O Zoning. (4) buildable units: $443,000.00. Entire Assemblage: $1,338,000.00

Miami

Brand-new 2025 Section 8 fourplex in Little Haiti, 100% leased and producing $180,756 a year in dependable, authority-paid rent. All four units are large 4-bedroom homes, a scarce and high-demand layout in Miami-Dade. Concrete block, hurricane-rated, separately metered, and under builder warranty, so expenses stay low. Priced at $2,190,000 ($547,500/unit), below the cost to build today, for a 6% going-in cap on in-place rents with post-sale taxes included. Two units rent below the level already approved in the building, leaving room to grow income at renewal. One mile north of the Design District with quick access to I-95 and I-195. Turnkey, income-producing, and rare.

A12045993 MLS ⋅ 33127 Zip Code ⋅ Rockmoor Park Track BLDG.

Brand-new 2025 Section 8 fourplex in Little Haiti, 100% leased and producing $180,756 a year in dependable, authority-paid rent. All four units are large 4-bedroom homes, a scarce and high-demand layout in Miami-Dade. Concrete block, hurricane-rated, separately metered, and under builder warranty, so expenses stay low. Priced at $2,190,000 ($547,500/unit), below the cost to build today, for a 6% going-in cap on in-place rents with post-sale taxes included. Two units rent below the level already approved in the building, leaving room to grow income at renewal. One mile north of the Design District with quick access to I-95 and I-195. Turnkey, income-producing, and rare.

147 Nw 61st St, Miami