Active
multifamily
SALE
690 Nw 3rd Street, Miami, Florida 33128
Miami, FL 33128
$10,000,000
Property Details
MLS#
A12090154
Type
Multifamily
Year Built
1971
Property Description
PRIME MIAMI RIVER ASSEMBLAGE | 45,000+ SF | T6-8 ZONING | COVERED LAND PLAY >>> Unrivaled urban development opportunity steps from the Miami River district! Presented by Eleventrust, this strategic assemblage combines 5 contiguous parcels totaling 45,000+ SF of prime land in a top growth corridor. === COVERED LAND PLAY WITH IMMEDIATE UPSIDE: Features 47 residential units with a diverse unit mix, offering steady income while plans are finalized. Existing operations hold immense upside, with potential gross revenue exceeding $1,000,000+ by adjusting below-market rents to active market rates. === REDEVELOPMENT POTENTIAL: Zoned T-6-8 under Miami 21, this site is ideal for high-density multi-family, hotel, or mixed-use projects. Positioned in the path of growth with seamless connectivity to Brickell, Downtown, and the Health District. === KEY HIGHLIGHTS: [1] Site Area: 45,000+ SF (5 Parcels) [2] Zoning: T-6-8 (Miami 21 Core) [3] Income Upside: Potential exceeding $1M Gross Income by aligning rents to market [4] Strategy: Covered land play in a rapidly appreciating submarket.
Amenities
Built 1971
Payment Calculator
$0.00 per month
30 Year Fixed, 6.59% Interest
Principal & Interest
$0.00
Property Tax
$0.00
Mortgage Insurance
$0.00
HOA
$0.00
Home Owners Insurance
$0.00
Property Location
Listing Office:
Eleventrust LLC
Listing Agent:
David Fermoselle
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