1477 NW 79th St, Miami FL 33147
Price includes ASPR approval 126 unit apartment building plus retail. Estimated all in development cost of $28.1 million including land. Gross income of $3.1 million. Estimate in attachments. Can be delivered shovel ready for $3 million by April 2024. Price flexible based on where project is in approvals. Currently there are 80 plus parking spaces, but is entitled to a 76% reduction in parking and you can add additional units in its place up to 185 units, or as many as you can fit in 15 stories. Not in a flood zone. Possible owner financing. Near the planned SOAR park on NW 79th St with over 4,000 units. 5 year average price change in West Little River has been +$184,710 or 92%! Possible to combine with ASPR approved projects at 4595 NW 22nd Ct and/or 2181 NW 90th St.