625 SW 18th Avenue
Miami, FL 33135
Square Ft.
3,307
$1,100,000
Excellent investment and redevelopment opportunity in a prime location on a desirable corner lot in Little Havana. Property consists of 5 legal units currently being used as 6 units. A 1937 2 story duplex (2/1 & 2/2) and a 1954 triplex (3 -1/1 units). Fully occupied month-to-month rentals offer maximum… Read More flexibility. This allows a buyer to generate interim income to offset carrying costs while deciding whether to move forward with approved plans to cure violations, and execute a remodel or advance new redevelopment plans through the entitlement phase. Property being sold Cash strictly AS-IS with existing violations and liens. Currently zoned T4-R with a pending rezoning application to T5-0 under Miami 21, offering significant potential for future redevelopment. Architectural plans are included with sale. Buyer must conduct all due diligence and independently verify existing and proposed uses, unit count, zoning development rights, code compliance, violations, liens and the status and requirements of the pending rezoning application. Seller and Broker make no representation or guarantee that the requested T5-O rezoning will be approved. Approved plans and financials available. Read Less
Courtesy of BHHS EWM Realty 305-960-2400
Listing Snapshot
Days Online
42
Last Updated
Property Type
Multi Family
Square Ft.
3,307
Lot Size
0.17 Acres
Year Built
1937
MLS Number
A12085564
Additional Details
Property Access
Frontage Type: State Road
Building
Built in 1937, 2 buildings, Construction Materials: CBS
Cooling
Wall/Window Unit(s)
Floors
Tile, Vinyl
Income
Gross ScheduledIncome: $87,800, Net Operating Income: $56,996
Lot
0.17 acres
Parking
5 total parking spaces
Property
Resale
Roof
Built-Up
Security Features
Fire Alarm, Security Fence
Sewer
Public Sewer
Taxes
Parcel Number: 0141030260170, Annual Amount: $13,755, Legal Description: 3 54 41 LAWNVIEW PB 5-164 LOTS 27 & 28 LESS R/W THEREOF BLK 1 LOT SIZE 7127 SQ FT OR 11232-423 0981 4, Year: 2025, Zoning: 3900
Tenant Pays
Electricity, Interior Electric
Utilities
Natural Gas Connected, Water Source: Public, 110 Volts, Separate Meters
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