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570 NE 68th St

Miami, FL 33138
  • $2,850,000
  • STATUS: Active
  • ON SITE: 180 Days
  • MLS #: A11161394
UPDATED: 199 min ago
$2,850,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1937
County:

School Ratings & Info

Description

INVESTORS: UPSIDE GALORE! Welcome to Saville Palms: substantially renovated multi-family compound with 8 apartments (3,796 SF leasable space) in 2 stand-alone buildings on a 7,200 SF lot with Miami 21 T5-L zoning, allowing for short-term rentals, hotel, live-work, food service, general commercial, and recreation. As a vacation/short-term rental, this property could generate $250K+ gross income with ~$175K+ NOI, for a cap-rate ~9%! Bonus: property comes with valuable Palm Grove Historic District TDR entitlements. All in a non-flood zone, steps from all the hip MiMo District restaurants and shops, just a few blocks from the upcoming multi-billion dollar Magic City Innovation District, and minutes to Design District, Mid-Town, Downtown and The Beaches. Opportunity awaits!

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Copyright 2022, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2022, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2022-08-15T23:51:43.413.
www.ewm.com/homes/125899260
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570 NE 68th St Miami, FL 33138

  • Price: $2,850,000
  • Status: Active
  • On Site: 180 Days
  • Updated: 199 min ago
  • MLS #: A11161394
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1937
Built
County:
Miami-Dade
Property Description
INVESTORS: UPSIDE GALORE! Welcome to Saville Palms: substantially renovated multi-family compound with 8 apartments (3,796 SF leasable space) in 2 stand-alone buildings on a 7,200 SF lot with Miami 21 T5-L zoning, allowing for short-term rentals, hotel, live-work, food service, general commercial, and recreation. As a vacation/short-term rental, this property could generate $250K+ gross income with ~$175K+ NOI, for a cap-rate ~9%! Bonus: property comes with valuable Palm Grove Historic District TDR entitlements. All in a non-flood zone, steps from all the hip MiMo District restaurants and shops, just a few blocks from the upcoming multi-billion dollar Magic City Innovation District, and minutes to Design District, Mid-Town, Downtown and The Beaches. Opportunity awaits!
Exterior Features

Construction Materials Cbs Construction Pool Private YN No View YN No Waterfront YN No

Interior Features

Building Area Total 4554

Property Features

Association YN No Building Name Saville Palms @ Palm Grove Business Type Hotel/MotelResidential-Multi-Family Horse YN No Listing Terms All CashConventional/Refinance New Construction YN No Public Survey Section 18 Senior Community YN No Special Listing Conditions Sale Tax Annual Amount 16489 Zoning 6107

Listing courtesy of Graber Realty Group Llc.


Copyright 2022, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2022, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2022-08-15T23:51:43.413.
 
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Berkshire Hathaway HomeServices EWM Realty
201 Alhambra Circle #1060
Coral Gables FL, 33134