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$2,350,000

220 NW 11th Ter, Miami FL 33136

Miami, FL 33136

High Pines

0

Bedrooms

0

Bathrooms

6,234

Sq Ft

1960

Year Built

About This Property

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.

Property Details

Property Type Residential Income
Status Active
Days on Market 23
MLS # 75cf438a3b40b2f32cc26de5add30125