320 11Th Ave Miami, FL 33128

This exceptional income-producing property, located at 320 NW 11th Ave, Miami, FL 33128, presents a compelling investment opportunity. The 2,119 square foot apartment building, constructed in 1925, is a single-story structure featuring three units: two one-bedroom, one-bathroom units and one two-bedroom, one-bathroom unit. Currently generating solid rental income, this property sits on a T4 zoned lot in a desirable residential neighborhood of East Little Havana, characterized by tree-lined streets and a tranquil atmosphere. The zoning allows for the construction of up to four units, with potential for expansion to eight units through government incentives, catering to the area's increasing housing demand. Its prime location offers residents convenient access to Downtown Miami and Brickell, major employment and entertainment centers. This is an ideal investment for those seeking a covered land play in a high-demand rental market with strong fundamentals and significant growth potential. The asking price is $625,000. This property offers a rare blend of immediate income generation and future development possibilities in a thriving Miami neighborhood.