For Sale
$529,999

10260 178Th StMiami, FL 33157

7 Townhomes, 13 Parking Spaces, High Potential

Overview

Added:
Dec 11, 2024
Days on market:
114
Exceptional investment opportunity: a 7-unit, 3-bedroom, 2-bathroom townhome development project in West Perrine, Florida. This 11,632 sq ft lot (larger than recorded) is zoned UC EDGE, allowing for 18 units per acre based on gross square footage. Plans are submitted and have passed the initial planning department review for seven two-story townhomes/condos, each featuring three bedrooms and two bathrooms, along with 13 surface parking spaces. The property currently includes a single-family home rented month-to-month for $1,200. Utilities (water and sewer) are already connected. The property is not located in a flood zone. A comparable nearby property (11 townhome units) recently listed for $1.6 million. The land value is $45.47/sq ft. Owner financing or a joint venture agreement may be considered. This prime West Perrine location offers significant upside potential. The property's APN is 30-5032-000-0920. The asking price is $529,999.

Highlights

  • 7-unit townhome development project in West Perrine, FL, on an 11,632 sq ft lot (larger than recorded).
  • Zoned UC EDGE, allowing 18 units per acre.
  • Submitted plans approved for seven 3-bed/2-bath townhomes with 13 parking spaces.
  • Currently features a single-family home, month-to-month lease at $1,200/month; utilities connected.
  • No flood zone.
  • Comparable recently listed at $1.6M (11 units). Land value: $45.47/sq ft.

Property Details for 10260 178Th St

Property type
Specialty properties

Location Insight

City
Miami
County
Miami-Dade
State
Florida
Latitude
25.6036937
Longitude
-80.3582415
10260 178Th St, Miami, Florida

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10260 178Th St
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