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5979 NW 37th St

Virginia Gardens, FL 33166
  • $4,500,000
  • STATUS: Active
  • ON SITE: 56 Days
  • MLS #: A11312723
UPDATED: 67 min ago
$4,500,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,508
    SQFT
  • $817
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1965
County:

School Ratings & Info

Description

REDEVELOPMENT OPPORTUNITY and APPROVED PROJECT, RETIRE OWNER is giving away an excellent OPPORTUNITY. A very well located ONE ACRE LOT (43,560 sq ft), could be rezoned to built a 200/250 Hotel units. This property already has an existing 12 rental units and also has a project to build 18 units already approved by Miami-Dade and Virginia Gardens.EXCELLENT LOCATION close to Doral, Miami Springs,826 hwy and Miami International Airport,in the exclusive area of Virginia Garden. Property contains 12 existing rental units generating a Yearly Gross Income of $186,600.The approved Project for the 18 new units will generate a Gross Income of $481,200 in today's rental market price (there is room to go up).This ideal package will allow a total of 30 rental units or rezoned to built a 200/250 Hotel.

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Copyright 2023, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2023, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2023-02-02T09:51:21.747.
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5979 NW 37th St Virginia Gardens, FL 33166

  • Price: $4,500,000
  • Status: Active
  • On Site: 56 Days
  • Updated: 67 min ago
  • MLS #: A11312723
0
Beds
0
Baths
0
½ Baths
N/A
Acres
5,508
SQFT
$817
$/SQFT
1965
Built
Neighborhood:
Sub Of Track A Of Sunset
County:
Miami-Dade
Area:
Sub Of Track A Of Sunset
Property Description
REDEVELOPMENT OPPORTUNITY and APPROVED PROJECT, RETIRE OWNER is giving away an excellent OPPORTUNITY. A very well located ONE ACRE LOT (43,560 sq ft), could be rezoned to built a 200/250 Hotel units. This property already has an existing 12 rental units and also has a project to build 18 units already approved by Miami-Dade and Virginia Gardens.EXCELLENT LOCATION close to Doral, Miami Springs,826 hwy and Miami International Airport,in the exclusive area of Virginia Garden. Property contains 12 existing rental units generating a Yearly Gross Income of $186,600.The approved Project for the 18 new units will generate a Gross Income of $481,200 in today's rental market price (there is room to go up).This ideal package will allow a total of 30 rental units or rezoned to built a 200/250 Hotel.
Exterior Features

Architectural Style Detached Construction Materials Concrete Block With BrickCbs Construction Lot Features 1 To Less Than 2 Acre Lot Parking Total 40 Pool Private YN No Roof Barrel Roof View YN No Waterfront YN No

Interior Features

Adjusted Square Footage 2742 Building Area Total 5508 Cooling Electric Flooring Ceramic Floor Heating Electric Heating YN Yes Stories 3

Property Features

Association YN No Building Name Sub Of Track A Of Sunset Cooling YN Yes Documents Available Accounting StatementsDeposit - Last Months RentDeposit - Security Horse YN No Listing Terms All CashConventionalOwner Will Carry New Construction YN No Property Sub Type Quadruplex Public Survey Section 25 Rent Includes Cable TvElectricity Senior Community YN No Sewer Public Sewer Structure Type QuadruplexFourplex Tax Annual Amount 25228 Tax Year 2021 Year Built Details Resale Zoning 3700

Listing courtesy of The Lab Realty Group, Llc: 786-586-1300.


Copyright 2023, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2023, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2023-02-02T09:51:21.747.
 
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