MELROSE REDEVELOPMENT | COVERED LANT PLAY +-$200K YEARLY / UNITS

Investment Overview

MELROSE REDEVELOPMENT 116 units with "EXISTING INCOME."

This offering includes two contiguous lots ( 3340 NW 36 ST & 3520 NW 33 AVE ) on 36th Street, totaling approximately 0.77 acres or around 34,000 square feet. The property features a commercial auto dealer storefront of about 1,000 square feet on the western lot, and a residential duplex with approximately 2,800 square feet on the corner. Both structures are currently occupied by short-term tenants, generating an annual rental income of $216,000. The lots benefit from favorable T6-8 O zoning, which allows for development density of 150 units per acre "by right.

Area Overview

• 250 Linear Feet on highly traveled NW 36 Street

• Between Palmer Lake Area & Allapattah 2,5 miles from Miami International Airport T 6 -8 O zoning/ 150 units per acre

• 3520 NW 33 AVE & 3340 NW 36 ST

Highlights

INVESTMENT HIGHILIGHTS:

• 0.77 Acre with +/- (2) structures, both Resi. & Commercial property

• $216,000.00 rent in place

• Seller Financing

• Redevelopment Potential for 116 Units

• 250 Linear Feet on highly traveled NW 36 Street\

• Along NW 36 Street

• Between Palmer Lake Area & Allapattah 2,5 miles from Miami International Airport T 6 -8 O zoning/ 150 units per acre

• 3520 NW 33 AVE & 3340 NW 36 ST

• Land Size: .77 Acre

• Zoning : T 6-8 O

• Parcel ID :01-3128-013-3450 & 01-3128-013-3440+/- 250 Linear feet on NW 36 street

• Asking $4,750,000.00

SELLER FINANCE AVAILABLE!