10902-10904 2Nd St Miami, FL 33174
- Specialty properties
Current Use by Public Records
- Specialty properties
Property Details for 10902-10904 2Nd St
- Year built
- 1974
- Property type
- Specialty properties
- Property subtype
- Mixed-use properties
Description
This exceptional investment opportunity presents a 31-unit townhome complex ideally situated in Sweetwater, Florida, at 10902-10904 SW 2nd St, 33174. The property, encompassing approximately 1.22 acres, consists of two buildings constructed in 1974 and currently classified as a C-Class multifamily building. Its prime location offers significant potential for redevelopment, with city ordinances allowing for a building height of approximately 320 feet. The property's proximity to Florida International University's main campus (approximately 0.5 miles walking distance) makes it particularly attractive for student housing development, with potential for up to 210 student housing units per acre. The high-traffic University Zone location further enhances its investment appeal. This mixed-use property is currently configured as an apartment building, offering immediate rental income potential. Detailed financial information from the management company, along with the offering memorandum, zoning plan, and survey, are readily available for serious inquiries. The asking price for this unique opportunity is $11,625,000. Given Sweetwater's recent growth, with approximately 10% residential development as noted in the Mayor's recent State of the City address, this represents a coveted chance to acquire a significant asset in a rapidly evolving market.
Value Estimation
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Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.3731
- Latitude
- 25.7665
