305-609-4190
611 NW 11th St, Miami FL 33136
Active Income/MultiFamily

611 NW 11th St, Miami FL 33136

Miami, FL, 33136

$3,400,000

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Beds
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Baths
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Sq Ft
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Year Built
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Lot Sq Ft
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Garage

Photo Gallery (17 photos)

About This Property

PRICE REDUCED - MOTIVATED SELLER. UNIQUE EXCLUSIVITY OF SALE OF TWO LOTS IN THE HEARTS OF MIAMI NEAR THE METRO RAIL STATION AND I-95. THIS LOT MUST BE SOLD TOGHETER WITH THE LOT NEXT TO THE LOCATED AT 601 NW 11 ST (MLS A11985308). THIS LOCATION IS EXCELLENT TO BUILD A BUILDING OF SEVEN (7) LEVELS PLUS 37 LEVELS OF MIXED-USE TOWER WITH (40% RESIDENTIAL USE MUST BE WORKFORCE HOUSING). OR ANOTHER TYPE OF INVESTMENT SIMILAR COMPLIANCE WITH ZONING CODES AND STANDARS REQUIRED BY THE CITY OF MIAMI. SURVEY AVAILABLE. EXISTING BUILDING 7510 SF CBS ONE LEVEL.

Property Details

MLS #

A11985331

Status

Active

Property Type

Commercial Land

Sub Type

Income/MultiFamily

Days on Market

161

Pool

No

Waterfront

No

HOA Fee

None

Est. Insurance

$1,133/mo

Tax Year

2024

Tax Amount

$15,950

Garage

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Lot Size

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MLS Area

Miami North

Subdivision

MIAMI NORTH

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Flood Zone & Insurance

Flood zone data not available for this listing. Check FEMA directly

Investment Analysis

$23,800
Est. Monthly Rent
1.0%
Cap Rate
5.0%
Cash-on-Cash
$33,793
Net Operating Income

ROI Projections (4% Annual Appreciation)

133%
5-Year ROI
Value: $4,136,620
290%
10-Year ROI
Value: $5,032,831
475%
15-Year ROI
Value: $6,123,208

Estimates based on area averages. Actual returns may vary. Consult a financial advisor.

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