
Courtesy of: Arthur Porosoff, Compass Florida, LLC, art@porosoff.com
$2,350,000
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Quadruplex
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$2,350,000
220 NW 11th Ter a 12-unit multifamily property located in the Overtown neighborhood of Miami, Florida. The property consists of eleven two-bedroom/one-bathroom units and one one-bedroom/one-bathroom unit across approximately 6, 234 square feet of rentable area on a 7, 500 SF lot zoned T6-8-O, permitting up to 8 stories of development. The property is currently 83.3% occupied with in-place rents averaging $1, 600 per month. The property's T6-8-O zoning supports future redevelopment at up to 8 stories, providing optionality for long-term investors seeking density in Miami's urban core. The generous lot size of 7, 500 square feet on a corner parcel further enhances the redevelopment potential of this site.
Courtesy of: Arthur Porosoff, Compass Florida, LLC, art@porosoff.com
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