150 NE 59th St, Miami FL 33137

Description

Prime redevelopment site in Miami's Little Haiti/Innovation District. Corner T5-R parcel allows by right up to 5 stories and 8 residential units with 17,825 buildable SF. Currently improved with a four-plex. Two Duplexes - 4 fully legal corner units (no middle units) all with private outdoor spaces .Each unit features 1bed/ 1bath generating $82,800 year in gross annual income, with potential to increase to approximately 90k. Located in the heart of the Innovation District neighborhood directly behind a full block church fronting NE 2nd Avenue ,offering stability, privacy and unique positioning It is located approximately 0.4 miles from the planned Tri-Rail Station Northeast Corridor and close to Wynwood, Design District and Biscayne Blvd. Across from Laundromat Art Space gallery and 1 block away from Magic City .Flood zone X.Net return 5.5% including new buyer's property taxes. Please do not disturb tenants ,all showings by appointment only.

This home located at 150 NE 59th St, Miami FL 33137 is currently for sale and has been available on Brickellsold for 5 days. This property is listed at $1M. It has N/A beds, N/A bathrooms, and is N/A square feet. 150 NE 59th St, Miami FL 33137 is in Miami county Miami-Dade County.