MLS® ID: A10733373
798 NW 70th St
Miami, Florida, 33150 $409,000
GREAT OPPORTUNITY FOR DEVELOPERS or INVESTORS. Single family home in a corner lot of 7150 sqft. with great potential. Completely renovated and ready for rental.
This is a very spacious house that can be rented as a 3/1, plus a 2/1 with an expected cap rate NET 7%
Under the Miami21 zoning the lot is zoned T4-L and is located adjacent to the announced multimillion-dollar Liberty Square project. PLANS APPROVED FROM THE ZONING DEPARTMENT FOR FIVE CONTEMPORARY STYLE TOWNHOUSES of total 7,516 sqf. Each unit has two stories, 3 bed 2.5, garage and one parking space. Expected CAP rate 12.30% at the completion of the construction.
This area has already seen a huge influx of investors. Only minutes to everywhere: I-95 / Miami Beach / MIMO / Downtown / Design District, Wynwood...