737 30Th StMiami, FL 33127

Property Details for 737 30Th St

Property type

Residential income properties

Property subtype

Other land

Description

This exceptional 8,150 square foot lot in Miami's Allapattah neighborhood presents a unique investment opportunity. Currently zoned T4, the property includes approved plans for the construction of five townhouses: two 2-bedroom, 2-bathroom units of 1,452 square feet each, and three 3-bedroom, 3-bathroom units of 1,978 square feet each. The total rentable space for the proposed townhouses is 8,312 square feet. Adding to the immediate return, an existing 3-bedroom, 2-bathroom, 964 square foot house on the property is currently rented for $1,600 per month, generating consistent income while the development process unfolds. The land is priced at $98 per square foot, totaling an asking price of $710,000. The property's location is highly desirable, situated in a rapidly developing area experiencing significant investment and revitalization. Allapattah's proximity to Wynwood and its ongoing transformation into a vibrant mixed-use community make this a compelling opportunity for investors seeking strong returns. The property's potential for Airbnb development and its location near recent high-value land acquisitions further underscore its investment potential. Detailed plans and financial analysis are available upon request. The LEAN Group holds ownership of this property.

Location Insight

City

Miami

County

Miami-Dade

State

Florida

Latitude

25.8051

Longitude

-80.2081

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