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12010 SW 214th Terrace
Miami, FL 33177
Asking Price
$325K
Asset Type
Residential Land
Class
Class B
What's Special
Site plan approved for 8 units bulid up to 29 by right <ul><li>Site-plan approved 8-unit multifamily project with parking </li><li>Professional feasibility study confirms up to 29 units with no parking requirements. 25 unit project has been through the pre application process</li><li>abutting WASD infrastructure is shown on the atlas, including 8-inch water and 12-inch confirmed by WASD as connection points</li><li>Flood Zone X / not in a Special Flood Hazard Area per survey and plan data</li><li>The major area investment led by the Southplace
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NOI
$80,000
Cap Rate
24.62%
DSCR
4.15
Strong
Cash-on-Cash
62.26%
Monthly Payment
$1,607.873
Annual Cash Flow
$60,705.522
