12418 NE 4th Ave, North Miami FL 33161
- $800,000
Description
Prime R-6 multifamily-zoned oversized parcel in North Miami, situated between two similarly zoned properties currently operating as multifamily - reinforcing highest-and-best-use potential and possible assemblage value. Existing 3BR/2BA structure is safe and usable, ideal to remodel, rent, or hold while pursuing redevelopment. R-6 zoning permits multifamily residential development, including apartment buildings and townhome-style residences, with potential for approximately ~9 units. Located within approximately ½ mile of multiple active and approved multifamily and mixed-use developments, underscoring strong demand and density momentum in the area. Compelling land-value opportunity for developers or investors. Buyer to verify zoning, density, and all development parameters with the City of North Miami.
Details
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Property ID A11937979
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Price $800,000
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Property Size 2020 sqft
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Bedrooms 3
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Bathrooms 2
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Year Built 1927
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Property Status Residential
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Property Type Single Family Residence
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Listing Courtesy Of Coldwell Banker Realty
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