220 NW 11th Terrace, Miami, FL 33136
- $2,350,000
- 6,234
- SqFt
- List Price
- $2,350,000
- MLS#
- A12019487
- Sq. Ft
- 6,234
- Lot Dimensions
- 8769
- Subtype
- Quadruplex
- County
- Miami-Dade
- Subdivision
- Miami North
- Region
- 2310
- Year Built
- 1960
Property 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.
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Additional Information
- Heating
- Central, Separate Meters
- Cooling
- Central Air
- Roof
- Flat, Tile
- Sewer
- Public Sewer
- Parking Spaces
- 4
- Flooring
- Vinyl
- Construction
- Block
- Living Area
- 6,234
- Elementary School
- Frederick Douglass
- Middle School
- Jose De Diego
- High School
- Booker T. Washington
Listing courtesy of Compass Florida, LLC. Contact: