Description
8 unit Multifamily with 10,500 sqft corner lot zoned T68O. 7 studios and 1 one bed one bath.
Currently at a 5.5% Cap - Proforma - 7.98 % Cap - Airbnb Proforma: 14% Cap
Zoning allows for an array of uses including mix use residential, short term rental(Airbnb), commercial, retail, office, food and recreational, Alcohol service establishment, religious facility, pre-school, research facility. Zoning also allows to build up to 8 stories for future development.
Property is located just west of I-95 with easy access to the airport, Downtown, Brickell, 20 blocks to Midtown and design district, 40 blocks from Wynwood.
Location
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Listing Office: Fausto Commercial Realty Consultants Inc
