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Investment Opportunity

Miami Investmens

2390 NW 62nd St Miami FL 33147 MLS #A11740385

2390 NW 62nd St
Miami, FL, 33147
$3,600,000
Beds
0 Bathrooms
0 SqFt
0.72 Acres
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$3,600,000
2390 NW 62nd St
Miami, FL, 33147
MLS #A11740385 image #0MLS #A11740385 image #1MLS #A11740385 image #2

Project Description

Prime Approved Development Opportunity – Mixed-Use Site
Rare chance to acquire a fully site plan-approved development with 105 residential units, 37 parking spaces, and 3 commercial/retail units. Spanning 30,209 sq. ft. across 5 folios with a 50,848 sq. ft. gross building area, this project benefits from a 70% parking reduction, lowering construction costs.

The unit mix includes 12 studios, 69 one-bedrooms, and 24 two-bedrooms. Situated in Model City, just minutes from Wynwood, the Design District, Downtown, and the Health District, and under a mile from Liberty Square’s major redevelopment.

Located in an Opportunity Zone, offering potential access to affordable housing programs and tax incentives. An exceptional investment opportunity!

Property Details

Price:
$3,600,000
MLS #:
A11740385
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Residential
Subdivision:
FRANCES PK
Neighborhood:
Frances Pk
Listed Date:
Jan 28, 2025
Lot Size:
30,209 sqft / 0.72 acres (approx)
Frances PkFrances PkFrances PkMulti-family,check Land Use Plan,other Usage

Schools

Interior

Exterior

Other Structures
None

Financial

Tax Year
2024
Taxes
$5,431

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Net Monthly Income:
Annual Profitability of:
2390 NW 62nd St
Miami, FL