Assemblage in Edgewater 3 Multifamily Properties Offered at $15,300,000 in Miami, FL
INVESTMENT HIGHLIGHTS
- Covered land play.
- Convenient zoned T6-36a-L, by right, it can be built up to 68 units and 240,000 SF, plus an additional 40% more with Public Benefit.
- Total lot of 20,000 SF with 12 residential units distributed in 3 stand-alone low-rise buildings.
- Properties are surrounded by several projects, mostly luxury buildings, totaling over 6,000 units.
EXECUTIVE SUMMARY
Located in a prime Edgewater boulevard, next to Biscayne Bay, offers a unique opportunity to redevelop or maintaining these boutiques rental properties. Adjacent to the bay and Biscayne Boulevard, and just few minutes from Midtown, Wynwood, Design District, A&E District, Downtown and Brickell, these properties are at the center of the best that Miami can offer. Expenses and P&L can be provided during the Due Diligence period.
PROPERTY FACTS
| Price | $15,300,000 |
| Price / SF | $1,811 / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 8,450 SF |
| Total Land Area | 0.47 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 600 NE 26th St, Miami, FL 33137 | Multifamily | 4,039 SF | 1927 | - |
| 620 NE 26th St, Miami, FL 33137 | Multifamily | 2,652 SF | 1937 | - |
| 628 NE 26th St, Miami, FL 33137 | Multifamily | 1,759 SF | 1941 | - |
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