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6535 NW 6th Ave - Permit Approved Land for 8 Townhomes 0.16 Acres of Commercial Land Offered at $695,000 in Miami, FL 33150
INVESTMENT HIGHLIGHTS
- Potential 60% total return on costs
- 'OZ' - Opportunity Zoned Land Site perfect as you can come out of the ground in 60 to 90 days.
- Rent as 8 - 3 story townhomes or 12 separate units for best yields with Section 8
- Permit Ready for 8 folio #'s, 8 FP&L & 8 W/S meters.
- Permit ready to develop 8 townhome units w/ garages of 4-stories - just pay impact & permit fees
- Easy access via the NW 69th Street exit from I-95 South Bound
EXECUTIVE SUMMARY
The land is clear with no trees to remove, streamlining development. The property has utilities available, is near major roads and public transit, and sits close to Miami’s top hotspots. An updated home on-site currently generates $32,500 in annual rental income, providing cash flow during permitting. Tenant is MTM. Being sold as a prime development opportunity—buyers should conduct their own due diligence regarding permitting and approvals. Please do not contact or disturb the tenants.
PROPERTY FACTS
1 LOT AVAILABLE
Lot 1
| Price | $695,000 | Lot Size | 0.16 AC |
| Price Per AC | $4,263,960.64 |
| Price | $695,000 |
| Price Per AC | $4,263,960.64 |
| Lot Size | 0.16 AC |
Permit ready site with potential total dev return of over 60% on the project. Plans and Renderings by Urbanica Architects & Planners. Covered land plan as property priced for the existing rental home. See attached dev models.
DESCRIPTION
Over 60% potential development returns for this permit ready development site in an Opportunity Zone in Miami, FL, between Magic City & the Little River Innovation Districts; as well as between Wynwood, Miami Beach, MIA Airport, but near the new Swerdlow Group development of 5,000 + units. Plans to develop 8 townhomes w/ garages & roof top summer kitchens. Sell as condos or rental flexibility as either 8 townhomes or 4 – 3 bed townhomes; 4 – 2/2 flats, & 4 – ground level 1/1’s. Rentals for the 12 units produce best yield on costs. 7,100 SF lot Zoned T5-R. On site is an existing house rented for current income. Development pending only the payment of impact, permit fees, & tree bond by Buyer.
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6535 NW 6th Ave - Permit Approved Land for 8 Townhomes
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