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PARADISE PARK REDEVELOPMENT WITH IN-PLACE INCOME 2765 Northwest 17th Terrace, Miami, FL 33125
Property Description
Fully leased six-unit multifamily opportunity totaling approximately 3,993 SF situated on a 13,275 SF lot with T6-8-O zoning. The property consists of four 1-bedroom units, two 3-bedroom units, plus additional leased parking income, providing stable in-place cash flow. The true upside lies in its redevelopment potential. Zoned T6-8-O, the site offers significant density flexibility with a conceptual redevelopment yield of up to ±42 units (subject to approvals). Eligible for Live Local incentives, this property presents a rare covered-land play with income during the planning phase. Two-story building configuration. Folio: 01-3133-008-0340. Submarket: Paradise Park. Located within the Little Havana multifamily corridor, one of Miami’s most consistently occupied rental markets with historically low vacancy. Property Overview: ±3,993 SF existing improvements Two-story multifamily building Four (4) 1-bedroom units Two (2) 3-bedroom units Additional leased parking income Fully occupied with strong in-place cash flow Folio: 01-3133-008-0340 Development Profile: Lot Size: 13,275 SF Zoning: T6-8-O Primary Zone: 6100 – Commercial Neighborhood Live Local eligible site Conceptual redevelopment potential of up to ±42 units (subject to verification and approvals)
Area Description
Situated in the Little Havana multifamily submarket near the Miami River, offering redevelopment upside within a high-demand urban corridor.
Highlights
- T 6 8 O zoning
- existing income
- area primed for redevelopment
Full Address: 2765 Northwest 17th Terrace, Miami, FL 33125
Listing Type: FOR SALE
Status: Active
Zoning: T6-8-0
Region: S-SE
County: Miami-Dade County
Property ID: 4104320
Has Sewer: Yes
Has Water: Yes
Has Electric: Yes
Has Waste: Yes
Cooling: Yes
Building Sf: 3,993
Parcel Num: 01-3133-008-0340
Number Units: 6
Free Standing: Yes