625 SW 16th Ave, Miami FL 33135,Miami,Miami-Dade County,Residential Income

WhatsApp Pinterest Facebook Twitter Linkedin Email

Residential Income Active

625 SW 16th Ave, Miami FL 33135

$1,250,000

Overview

Property ID: A11814449

Duplex
Property Type

1881
Square Feet

1946
Year Built

Description

Discover the untapped potential of this gem nestled in Little Havana, this ranch-style duplex, comprised of a 3 bed/2 bath, & 2 bed/1 bath offers gated parking. Fully renovated, site has a new roof from 2023, central A/C, impact windows, and renovations throughout the interior. No income in place, family owned at this time. It is a solid covered land play opportunity for developers or those looking to hold on land appreciation as we see the westward expansion of Downtown approaching. T4-L zoning here allows eligibility to tap in Florida’s new Live Local legislation, thus it can be taken to extreme heights and density, with the municipal density maxed at 950 units per acre, and extensive tax benefits available.