11034 SW 3rd St, Sweetwater FL 33174

Description

Prime Sweetwater area land Assemblage and covered land play. Income-Producing with Redevelopment Upside, Rare opportunity to acquire a ±36,400 SF assemblage of 5 duplex units in the highly sought-after Sweetwater submarket of Miami, adjacent to Florida International University (FIU). The property is currently fully leased, providing immediate and stable in-place income, while offering significant long-term upside through redevelopment. This unique offering allows a new owner to generate cash flow from day one while advancing plans for a higher and better use. The units are located in an RD Zoning presently but directly next to University District Zoning (UD) which if expanded as per expansion language in City Codes would allow for it to be well-suited for a variety of redevelopment options, including multifamily, student housing, or mixed-use, subject to zoning and approvals by City of Swettwater. Positioned in a rapidly evolving corridor, the property benefits from strong rental demand driven by proximity to FIU, major employment centers, and ongoing residential and commercial development throughout Sweetwater and West Miami-Dade. The section in which it is referred to is “City’s University District overlay expansion provisions pursuant to Section 2.05.25 of the Sweetwater Land Development Code"

This income/multifamily home located at 11034 SW 3rd St, Sweetwater FL 33174 is currently for sale and has been available on Brickellsold for 116 days. This property is listed at $6M. It has N/A beds, N/A bathrooms, and is N/A square feet. It was built in 2011. 11034 SW 3rd St, Sweetwater FL 33174 is in Sweetwater county Miami-Dade County.