260 43Rd StMiami, FL 33127

Property Details for 260 43Rd St

Property size (Sq ft)

2,400 SF

Property type

Investment properties

Property subtype

Multifamily properties

Description

This exceptional redevelopment opportunity presents a chance to acquire a 5,400 sq ft lot in Miami's Design District at 260 NW 43rd St, Miami, FL 33127. Approved plans are in place for the construction of the "Lucas Residence," a stunning 2,400 sq ft, single-story, Class A luxury home featuring 5 bedrooms (flexible for 6) and 4.5 bathrooms. The proposed construction cost, inclusive of land acquisition, is $1.4 million. This project offers significant potential for equity creation, transforming an initial investment into a substantially higher value asset. Financial projections suggest a 13% capitalization rate and a 22% cash-on-cash return based on comparable rental properties in the immediate vicinity. The property is zoned T3, and the asking price for this exceptional investment is $790,000. This represents a unique chance to capitalize on the strong Miami real estate market and create a high-return, luxury rental property. Detailed financial analysis is available upon request. The existing structure will be demolished to make way for the new construction.

Location Insight

City

Miami

County

Miami-Dade

State

Florida

Latitude

25.8153

Longitude

-80.201

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