Property profile

481 NE 61St St Miami, FL 33137

FOR SALE
Residential land & home lots
Property ID
US18-1499241
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481 NE 61St St, Miami, FL 33137 For Sale
$625,000
481 NE 61St St, Miami, FL 33137
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Property summary

AI-generated overview

WELCOME TO THE CUSHMAN ESTATES! Sensational builder / developer opportunity to purchase LAND WITH PLANS! Seller has already done the heavy lifting with the architects, city & zoning and will include plans to build!! Shovel-ready 50' x 100' corner lot with approved plans for two fee-simple residences. Save months of permitting--build immediately. Each home features a separate corner entrance, 3 bedrooms, 3.5 baths, primary suite, balconies, and +-2,256 SF & +-2,319 SF. Located across from The Bennet, a new high-end development near The Cushman School with easy access to I-95. Ideal builder or investor opportunity. With new construction townhomes (The Bennet) selling at $615 per SFT across the street, this project has combined over 4,575 SFT x $615 = $2,813,625 sell out! What an amazing profit in 1 year! But wait, there's more!! Plans will only be shared during the due-diligence period. Feel free to drive by the lot. Let's make it happen! On Zillow, scroll down to "facts & features", click on "show more", then click "View virtual tour" for your Virtual Interactive Lifestyle Concierge! Ask anything. Explore everything.

Property profile

Verified
Property type Residential land & home lots
UPID US18-1499241

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

481 NE 61St St Miami, FL 33137
Miami metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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