The property offers a diverse unit mix to meet various tenant needs: |
Significant updates have been completed to enhance tenant experience and maximize value: A newer roof was installed. Kitchens updated with modern granite countertops. Bathrooms upgraded with tubs converted to contemporary showers. All units also feature on-site parking, a valuable amenity in this high-demand area.
|
The property spans a combined land area of 15,000 square feet across 1320 and 1321, offering tremendous development potential: Current Zoning: Allows up to 20 units by right. Rezoning Opportunity: Potential to develop nearly 50 units, significantly boosting property value and density.
|
Investment Highlights: Prime Location: Situated in Little Havana, a thriving and historically significant Miami neighborhood. Rental Upside: Minimal effort required to adjust rents to market levels, providing immediate opportunities to enhance cash flow. Vintage Appeal: Built between the 1950s and 1970s, the property combines architectural charm with modernized interiors. Future Development: Flexible zoning and land size allow for substantial long-term appreciation and redevelopment potential.
|
