Overview
- Updated On:
- November 9, 2024
- 5 Bedrooms
- 4.5 Bathrooms
- 3,381 ft2
Description
This corner property offers a unique opportunity in a rapidly developing area. It is zoned as *T3-R, which allows for two units, and the large lot *15,120 sqft* makes it a strong candidate for *zoning upgrades*, with rezonings in nearby areas increasing by *15-20%*, often transitioning to higher-density classifications, which allows for more units & mixed-use development.
The property’s *customization potential* is significant, with up to *50% lot coverage* permitted. The main house features *3 bedrooms, 2.5 bathrooms*, and a separate area that could be converted into *two independent units*, making it ideal for rental income or extended family, and proximity to *Coral Gables, Downtown/Brickell, and Coconut Grove* it makes the property a great place to live and a smart investment.
- Principal and Interest
- Property Tax
- HOA fee
