$375,000
$409,990
8.5%For more information regarding the value of a property, please contact us for a free consultation.
5,227 Sqft Lot
SOLD DATE : 09/24/2021
Key Details
Sold Price $375,000
Property Type Vacant Land
Sub Type Residential
Listing Status Sold
Purchase Type For Sale
Subdivision Ericksons Sub
MLS Listing ID A11088289
Sold Date 09/24/21
HOA Y/N No
Annual Tax Amount $1,803
Tax Year 2020
Contingent Backup Contract/Call LA
Lot Size 5,227 Sqft
Acres 0.12
Property Description
Opportunity Zone. Mixed Use. 5,250 sqft. T-5-L. City will allow up to 9 units if rehabbing a property within 3 miles. 7 Units by right. Possible to get a grant from the CRA for construction of affordable units. 2 blocks from Miami's innovation district under development. Lot's of new construction in the area. Some of the lowest flood risk in Miami. Lil Greenhouse Grill one block away. Current parking reduction of 20% by right. Water and sewer connection. Directly across the street the city is building the Meet Me At The Bridge park/development. Renderings of possible project as well as rental income projections in the attachment. (Rental income projections based on traditional project not with grants from the CRA). Possible to purchase the lot next door as well at 225 NW 14th ter.
Location
State FL
County Miami-dade County
Community Ericksons Sub
Area 31
Exterior
Utilities Available None, Sewer Available, Water Available
Building
Lot Description Rectangular Lot
Faces South
Water Public
Others
Tax ID 01-31-36-021-0800
Acceptable Financing Cash, Owner May Carry
Listing Terms Cash, Owner May Carry
Financing Cash
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