Virginia Gardens, FL

5979 NW 37th St, Virginia Gardens FL 33166

5508 SF LIVING AREA
$4,150,000
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Key Details

Status
Active
Property Type
Quadruplex
Year Built
1965

Overview

REDEVELOPMENT OPPORTUNITY and APPROVED PROJECT, RETIRE OWNER is giving away an excellent OPPORTUNITY. A very well located ONE ACRE LOT (43,560 sq ft), could be rezoned to built a 200/250 Hotel units. This property already has an existing 12 rental units and also has a project to build 18 units already approved by Miami-Dade and Virginia Gardens.EXCELLENT LOCATION close to Doral, Miami Springs,826 hwy and Miami International Airport,in the exclusive area of Virginia Garden. Property contains 12 existing rental units generating a Yearly Gross Income of $186,600.The approved Project for the 18 new units will generate a Gross Income of $481,200 in today's rental market price (there is room to go up).This ideal package will allow a total of 30 rental units or rezoned to built a 200/250 Hotel.

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Alejandro Felipe
Alejandro@Canerogroup.com
305-613-0208
Contact Agent
250 Giralda Avenue
Coral Gables, FL 33134
(305)-444-5004

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