6734 NW 5TH AVE Miami , Florida |
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$ 410,0004 Beds 2 Baths6734 NW 5TH AVEMiami , FL 33150
SINGLE FAMILY -
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investor / development opportunity. single family 4/2 in a huge lot of 10,800 sqf. with excellent potentialthe land consists of two lots of 5,400 sqf. each (lot 20 & 21 blk 12), zoned t3-o (open). primary zone 5700 duplexesthere are a few options for development, its possible to build a two story duplex of about 2,000 sqf. per story in each lot, or to rent the existing single family and to build a duplex in the vacant lot.minimum expected cap rate 8.5%great location close to schools and shopping, within 5 minute to wynwood and design district, a few minutes drive to i-95, 10 minutes to downtown miami and south beach, and 15 minute drive to miami airport.this area has already seen a huge influx of investors and the neighborhood is becoming one of the hottest areas in miami.
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