405 11Th Ave Miami, FL 33130
- Small apartment buildings
- 4,950 SF
Current Use by Public Records
- Small apartment buildings
Property Details for 405 11Th Ave
- Year built
- 1922
- Property size
- 4,950 SF
- Property type
- Small apartment buildings
Description
This exceptional 4,950 square foot, two-unit apartment building presents a unique investment opportunity in Miami's vibrant Little Havana neighborhood. Built in 1922, this two-story property, originally owned by the Milam family, is currently operating as a duplex. The seller is offering owner financing and a lease-back option, providing immediate cash flow while securing necessary permits for future development. The property is zoned T4-R, allowing for medium-density multifamily housing as a matter of right. Additionally, it's eligible for a childcare facility, elementary school, or preschool with an exception. This presents a compelling opportunity for builders, developers, and childcare providers seeking a prime location with significant redevelopment potential. There are no historical preservation constraints, offering complete freedom to realize your vision. Located at 405 SW 11th Ave, Miami, FL 33130, this property is priced at $1,580,000 and offers a rare blend of immediate income and long-term growth potential in a rapidly developing area. The property's location within Miami-Dade County provides easy access to major transportation routes and amenities. This is a truly exceptional opportunity to acquire a piece of Miami history and shape its future.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.2126371
- Latitude
- 25.7695132
