1997 SW 17th Ct
Property Description
Investors, builders, and developers. Exceptional income-producing property situated on an oversized 9,243 square foot corner lot in Miami's desirable Shenandoah Coral Way area. Outstanding central Miami location near Coral Gables, Coral Way, Little Havana, Brickell, Downtown Miami, Miami International Airport, LoanDepot Park, and Miami Freedom Park. "Zoned Duplex" " Two separate, legally permitted detached residences on one lot. Front residence:4 bed, 3 bath, leased at $3,000 per month through March 2027. Rear residence:1 bed, 1 bath, leased at $1,800 per month month-to-month. Current combined gross rental income totals $4,800 per month or $57,600 annually, providing immediate cash flow while planning future redevelopment. Zoned T3-O with Duplex Residential Future Land Use, offering significant redevelopment potential, subject to City of Miami approval. Conceptual renderings for marketing purposes only illustrate one possible redevelopment with two substantial two-story residences and a shared private pool courtyard. "An exceptional opportunity to collect income today while planning tomorrow's redevelopment." Buyer and buyer's agent to verify zoning, permitted uses, development potential, setbacks, dimensions, and all governmental requirements. See Zoning Verificatio Letter in attachments.
Broker Details
GTR Realty, Inc. (954) 450-3222
MLS ID: 3209959 State License Number: 3209959
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,590,000 |
| Year Built: | 1940 |
| Lot Size: | 2,264.00 Sq ft |
| Opportunity Zone: | No |
| Property Website | Click Here |
| Number of Bedrooms: | 5 |
| Number of Bathrooms: | 0 |
ID: 3yd-MAORFL-A12084493
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