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Archived about 3 years ago

$100,000

1 bd 1 ba

123 Main, Miami, FL 33127

Residential SFR Off MLS

Current Rent **

N/A

Projected Rent **

N/A

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

3 OFF MARKET LAND DEALS - MIAMI

Contact me for more information - DEVELOPMENT DEALS - LAND

DESCRIPTION BELOW
1.
Mix use Development in the rapidly growing Wynwood/Edgewater District just south of Midtown/Design District Miami.
Lot size: 21,075 sq. ft.
T6-12 Zoning build up to 12 stories, with Bonus up to 20 stories
Buildable: 166,600 sq. ft.
With Bonus: 219,180 sq. ft.
Density: 144+- hotel rooms, condo/hotel, short-term rentals mix use, retail, office, restaurants, amenities. rooftop pool, gym.
Straight Residential, approximately 72 units.

2. CONTINUOUS ASSEMBLAGE FOR #1

The Boutique Apartment Hotel/Condo/Short Term Rentals Mix Use - Edgewater/Midtown

Total Lot sizes: 41,472 sq. ft.
T6-12 Zoning build up to 12 stories, with Bonus up to 20 stories
Buildable: 331,776 sq. ft.
With Bonus: 431,309 sq. ft.
Density: 285+- hotel rooms, condo/hotel, short-term rentals mix use, retail, office, restaurants, storage, amenities.... roof top pool, gym, wellness spa….
Density per code: 150 residential units per acre, 300 apartment hotel/condo units per acre.

3.

Wynwood
Can Build 216 Hotel rooms or 108 apartments
The seller would Joint venture. at Land value
$16Mil.
Zone: T6-8 / NRD-1
TOTAL LOT AREA: 25,131 sf
GROSS BUILDABLE AREA: 241,258 sf
HEIGHT LIMIT: 12 stories

Location:

123 Main, Miami, FL 33127

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.