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"the Underline Development " With Current Income 1866 Southwest 25th Terrace, Miami, FL 33133
Vacant Land
Mixed Use
Property Description
HABU UNDERLINE is an exciting prospective revitalization venture situated within the desirable Natoma Park, Coconut Grove locale. The existing property comprises three non-conforming rental units, yielding an annual rental income of approximately $68,000.00.
The envisioned project entails the creation of exquisite three-story twin homes, exude luxury and style. Each residence will encompass around 2,700 square feet of space, boasting four bedrooms, a spa facility, and sheltered culinary spaces on the rooftop. Four bathrooms will complement the bedrooms, while a covered two-car garage and an array of rooftop amenities will further enhance the properties' allure. An added advantage is the project's strategic positioning adjacent to "the underline," heightening its investment appeal.
The strategic blueprint involves securing necessary city entitlements in Miami, followed by the demolition phase. Both twin homes will be erected in tandem. The selection of this project hinges on its central location and its adjacency to "the underline," ensuring a seamless fusion of opulent living with an urban ambiance.
Area Description
Exciting prospective revitalization venture situated within the desirable Natoma Park, Coconut Grove locale!!
Highlights
INVESTMENT HIGHLIGHTS:
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Investment Highlights
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Delivered w approved plans
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Seller Financing Available
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Covered land play
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Current GI $67,200.00
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“Seller to pay buyers rep commission”
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Plans for (2) twin homes.
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(2) 4 bed, 3.5 bth double garage
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Underline Phase 2
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Natoma subdivision
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"Seller to Pay buyers rep commission"
Full Address: 1866 Southwest 25th Terrace, Miami, FL 33133
Listing Type: FOR SALE
Status: Active
Occupancy Rate: 100
Zoning: T 5 0
Region: S-SE
County: Miami-Dade County
Use Type: Land,mixed use, Multifamily
Property ID: 4044602
Has Sewer: Yes
Has Water: Yes
Has Electric: Yes
Has Waste: Yes
Has Gas: Yes
Has Sprinkler: Yes
Building Sf: 5200
Number Units: 2
Number Buildings: 1
Year Built: 2025
Year Renovation: 2010
Number Parking Spaces: 4
Cap Rate: 4.75
Tenancy Type: Multi-Tenant
INVESTMENT HIGHLIGHTS: Investment Highlights Delivered w approved plans Seller Financing Available Covered land play Current GI $67,200.00 “Seller to pay buyers rep commission” Plans for (2) twin homes. (2) 4 bed, 3.5 bth double garage Underline Phase 2 Natoma subdivision "Seller to Pay buyers rep commission"
1: Occupied: SF Lease Expiration: 09/01/2024