$ 1,500,000
765 W 23rd St Hialeah, FL 33010
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$ 1,500,000
Est. payment | /mo
0.5 Acres Lot
$ 1,500,000
Est. payment | /mo
0.5 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Residential
Listing Status Active
Purchase Type For Sale
Subdivision Seminola City Sec 2
MLS Listing ID A11654093
HOA Y/N No
Annual Tax Amount $5,151
Tax Year 2023
Lot Size 0.500 Acres
Acres 0.5
Property Description
This property presents an excellent opportunity for leveraging the Live Local Act program, given its prime location just 0.5 miles from the Okeechobee Metro Rail station, which includes an eight-story development. The site is strategically situated adjacent to a public school on the east side and bordered by an industrial site to the north. Potentially zoned for 70 units per acre under Neighborhood Business District (NBD) regulations, the property can accommodate up to 35 units. Currently generating $6,500 per month from two fully rented structures (3/1, 3/2, and 1/1 units), the highest and best use of this property is the land. Benefit from ongoing rental income during the development process.
Location
State FL
County Miami-dade
Community Seminola City Sec 2
Area 30
Building
Faces South
Others
Tax ID 04-30-12-010-0140
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Trustpoint Realty, LLC.
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