
Courtesy of: Brian Carter PA, Douglas Elliman, brian.carter@elliman.com
$1,790,000
|
Lot: 0.12 Acres
|
|
Other
|
$1,790,000
1552 NW 15th Ave Develop 45 units in Miami Hospital District 5 blocks to Miami River Landings, Publix, Planet Fitness and 5 blocks to the U-heath | Jackson Metro-Mover Station. "Site Plan/Warrant Approval" for 45 units with 100% parking reduction under Live Local Act Submission. Excellent bargain on development site at $40, 000/door land cost where larger dev sites have sold for over $100, 000 per door land cost. Attain near a proforma 39% IRR in a growth market. Own this covered land play collecting the duplex rental income while you create construction documents and submit to the permit approval process. Estimate 9 to 12 months to permit approval from closing. Opportunity located in an upcoming neighborhood, between Wynwood, Edgewater & Little Havana w/ easy access to Brickell & Downtown. Large employers include University of Miami and Jackson Memorial Hospitals, Miami Dade College Medical Campus, & VA Miami Medical Center.
Courtesy of: Brian Carter PA, Douglas Elliman, brian.carter@elliman.com
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.