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Mel G. Byrnes

mel@lifestyleintrealty.com +1(786) 251-6888

$ 899,000

Est. payment | -/mo

4 Beds

1 Bath

1,065 SqFt

Save Virtual Tour

$ 899,000

Est. payment | -/mo

Save Virtual Tour

4 Beds

1 Bath

1,065 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,065 sqft

Price per Sqft $844

Subdivision Miami North

MLS Listing ID A12047283

Style One Story

Bedrooms 4

Full Baths 1

HOA Y/N No

Year Built 1954

Annual Tax Amount $8,329

Tax Year 2025

Lot Size 2,500 Sqft

Property Sub-Type Single Family Residence

Property Description

A rare opportunity to acquire a renovated income-producing property in the heart of Miami's rapidly transforming Overtown neighborhood, with exceptional long-term redevelopment upside. The property is ideal for an owner-user or investor and benefits from highly desirable T6-8 O zoning, allowing 8 to 12 stories of development as of right. Even more compelling, under Florida's Live Local Act, developers may have the ability to match the maximum height and density of nearby Miami Worldcenter properties located within a one-mile radius, creating substantial additional development potential. Directly across the street is The Walker, a $21.4 million workforce housing development being spearheaded by the City's Southeast Overtown/Park West Community Redevelopment Agency and Krea USA, while adjacent to the property sits the historic People's BBQ, currently undergoing redevelopment and expected to reopen soon. Comparable development sites nearby with inferior zoning are listed as high as $1.5 million, highlighting the significant land value opportunity. Positioned within one of Miami's most active urban redevelopment corridors, this property offers immediate cash flow, substantial entitlement upside, and exposure to a neighborhood benefiting from significant public and private investment.

Location

State FL

County Miami-dade

Community Miami North

Area 41

Interior

Interior Features First Floor Entry

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Tile, Vinyl

Appliance Electric Range, Refrigerator

Exterior

Exterior Feature None

Pool None

View Y/N No

View None

Roof Type Shingle

Garage No

Private Pool No

Building

Lot Description < 1/4 Acre

Faces West

Story 1

Sewer Public Sewer

Water Public

Architectural Style One Story

Structure Type Block

Others

Senior Community No

Restrictions No Restrictions

Tax ID 01-01-04-070-1100

Acceptable Financing Cash, 1031 Exchange, FHA, Other

Listing Terms Cash, 1031 Exchange, FHA, Other

Virtual Tour https://www.propertypanorama.com/instaview/mia/A12047283

Miami Association of Realtors (SEFMIAMI MLS)

Listed by Walnut Street Realty Co

NEARBY SCHOOL & BUSINESS

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Mel G. Byrnes

Relocation Specialist

mel@lifestyleintrealty.com

+1(786) 251-6888

733 NW 4th Ave Miami, FL 33136

Mel G. Byrnes

Key Details

Location

Interior

Exterior

Building

Others

NEARBY SCHOOL & BUSINESS

MORTGAGE CALCULATOR

GET MORE INFORMATION

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733 NW 4th Ave