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2850 SW 28th Ter
Miami, FL 33133
Multifamily Property For Sale
·
4 Units
PROPERTY FACTS
| No. Units | 4 | Lot Size | 0.17 AC |
| Property Type | Multifamily | Building Size | 4,300 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built | 1980 |
| Building Class | C | ||
| Zoning | T6-8 | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 4,300 SF |
| No. Stories | 1 |
| Year Built | 1980 |
| Zoning | T6-8 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Garden
SITE AMENITIES
- Courtyard
- Public Transportation
ABOUT 2850 SW 28TH TER , MIAMI, FL 33133
Incredibly rare opportunity to acquire a future development site in Coconut Grove with zoning rights to build up to 12 stories! One of the very few properties in Coconut Grove with T6-8(o) zoning on an approx. 7,500 SF lot. Current density rights for up to 25 residential units, or 51 hotel rooms, and the property may have the potential to qualify as a Transit Oriented Development, giving a developer the ability to reduce parking requirements and increase density for a future building with panoramic downtown and bay views. The property features a 4,300 SF existing condominium building with 4 - 2-story, 2-bedroom units. A new owner can continue to collect rents at approx. $2,000 per unit per month, increase rents and renovate the property, operate as a short-term rental building, or more. The building can also be converted into a free-standing office building until future development plans are in place. Do not approach tenants as this is a private property. Call for more information.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 4 | - | 1,064 - 1,086 |
