Description
8,150 ft T4 6 units ready lot one block West of Wynwood (WOW - Allapattha), with feasibility study completed. verification from the city for 6 units. Can be sold with approved plans in 6-8 months for $890,000. Long-term rents for 3/3 units proposed is $4K/month (older 2/2 a block away renting at $3.6K), expected income $24K/month, NOI $210K+, with short term rental (allowed) NOI doubles. There are more than 21 projects under development in Wynwood, some by Kushner and Fisher Brothers, of Vegas, Tribeca, and NYC fame, 29N is another great example. All these developments will bring thousands of high-paying jobs to the area, many in their 20s will want to live in the area, ideal for a high-end 2/2 6 property multifamily.
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0.19ACRES
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01/2 BATHS
School Ratings & Info
Description
8,150 ft T4 6 units ready lot one block West of Wynwood (WOW - Allapattha), with feasibility study completed. verification from the city for 6 units. Can be sold with approved plans in 6-8 months for $890,000. Long-term rents for 3/3 units proposed is $4K/month (older 2/2 a block away renting at $3.6K), expected income $24K/month, NOI $210K+, with short term rental (allowed) NOI doubles. There are more than 21 projects under development in Wynwood, some by Kushner and Fisher Brothers, of Vegas, Tribeca, and NYC fame, 29N is another great example. All these developments will bring thousands of high-paying jobs to the area, many in their 20s will want to live in the area, ideal for a high-end 2/2 6 property multifamily.
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