220 NW 11th Ter, Miami FL 33136

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.

This quadruplex home located at 220 NW 11th Ter, Miami FL 33136 is currently for sale and has been available on Brickellsold for 23 days. This property is listed at $2M. It has N/A beds, N/A bathrooms, and is 6234 square feet. It was built in 1960. 220 NW 11th Ter, Miami FL 33136 is in Miami county Miami-Dade County.