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About This Property
Rare development opportunity in the heart of Coconut Grove! Fully leased, income-producing duplex on a 6,000 SF duplex-zoned lot with two excellent tenants in place. Ideal for new construction, build two luxury townhomes (approx. 1,845 SF each, 3 bed / 3 bath). Estimated hard cost is $200/SF, with a projected all-in cost of $1.3M per townhome. Resale comps in the $1.6M+ range offer strong upside for developers. Utilities at street. Lot may be split, buyer to verify with city. Prime location near parks, shops, schools, and dining. Drive-by only; do not disturb tenants. Showings will be scheduled for serious buyers only. Conceptual plans available for illustration purposes only.
Property Features
County
Miami-Dade County
Section
21
Area
1565
Subdivision
FROW HOMESTEAD
Interior
Cooling
Electric
Bedrooms
Floors
Tile, Wood
Full Baths
Appliances
Heating
Electric
Style
Attached
Garage Spaces
Construction/Exterior
CBS Construction
Patio / Deck Description
Exterior
Has a Pool
Possession
Lot Size in Acres
Water
Sewer
Other
Lot Size in Sq. Ft.
0
Has Waterfront
No
Parking Description
View
Has Garage
No
Roof/Attic
Other
Senior Community
No
Other Utilities
Property Type
Residential Income
Pets
Property SubType 2
Duplex
Tax Year
2014
Year Built
1948
Tax Amount
$14098
APN
NA
Square Feet Source
NA
Map
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