220 NW 11th Terrace, Miami, FL 33136
Listing Snapshot
| List Price | $2,350,000 |
| Price / Sq Ft | $377 |
| Beds | 0 |
| Baths | 0 |
| Living Area | 6,234 sqft |
| Year Built | 1960 |
| Property Tax | $23,151/yr |
| MLS # | 1162509956 |
| Status | Active |
| Days on Market | 56 |
About This Home
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.
General Features
- Property Type
- ResidentialIncome
- Sub-type
- Quadruplex
- Stories
- 3
- Parking Spaces
- 4
- Zoning
- 6100
- Utilities
- CableAvailable
- Subdivision
- MIAMI NORTH
Interior Features
- Flooring
- Vinyl
- Heating
- Central,SeparateMeters
- Cooling
- CentralAir
Exterior Features
- Construction
- Block
- Roof
- Flat,Tile
- Pool
- No
- Waterfront
- No
Community Features
- MLS Area
- 2310
Schools
Map
Virtual Tour
View Virtual TourMLS# 1162509956 · BEACH
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Estimate Your Payment
20% down · Loan: $1,880,000
Estimate only. Does not include insurance or PMI. Rate is illustrative — contact us for current rates.