2800 SW 16th Ter, Miami, FL 33145

$695,000

• 1,535 sqft
• Built 1924

Redevelopment play with built-in income. T3O zoning permits modern multi-unit or townhome construction. Three existing units could bring in roughly $60,000/year gross, estimated, enough to carry the property through entitlement. Sold as-is; the land drives the deal, the rent is the cushion. Sized and positioned for a builder who wants the lot working before the first permit is pulled.

Listing courtesy of Compass Florida, LLC.