765 W 23rd St Active

Hialeah,FL 33010

$ 1500000

- Bed

0 Bath

- SqFt


Key Details

Property Type Vacant Land

Sub Type Residential

Listing Status Active

Purchase Type For Sale

Subdivision Seminola City Sec 2

MLS Listing ID A11654093

HOA Y/N No

Annual Tax Amount $5,151

Tax Year 2023

Lot Size 0.500 Acres

Acres 0.5

Property Description

This property presents an excellent opportunity for leveraging the Live Local Act program, given its prime location just 0.5 miles from the Okeechobee Metro Rail station, which includes an eight-story development. The site is strategically situated adjacent to a public school on the east side and bordered by an industrial site to the north. Potentially zoned for 70 units per acre under Neighborhood Business District (NBD) regulations, the property can accommodate up to 35 units. Currently generating $6,500 per month from two fully rented structures (3/1, 3/2, and 1/1 units), the highest and best use of this property is the land. Benefit from ongoing rental income during the development process.

Location

State FL

County Miami-dade

Community Seminola City Sec 2

Area 30

Exterior

Waterfront No

Building

Faces South

Others

Tax ID 04-30-12-010-0140

Acceptable Financing Cash,Conventional

Listing Terms Cash,Conventional

View More
Favorite Go Tour