Price Reduction - New Construction
Address
Not Disclosed Miami, FL
Price
$ 14,900,000
Property Attributes
  • MLS#A11019620
  • TypeIncome
  • CountyMIAMI-DADE
  • CityMiami
  • Area32
  • NeighborhoodSHERRY PARK
  • Zip33138
  • StyleFourplex
  • Year Built1950
  • Taxes$ 11979
  • Price$ 14,900,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
Listing Provided Courtesy Of:
Karson & CO
Data Source:
Southeast Florida MLS SEFMLS
Property Description

The Junction @ Little River is a true covered land play producing significant revenue of over $850,000 annually with below market rents and tremendous development upside. The assemblage encompasses 59 multifamily units with a 100% occupancy rate. The Junction @ Little River is positioned less than 100 feet from the planned Brightline station, offering residents high speed transportation access to all surrounding major neighborhoods. This proximity affords the site with official TOD designation. Junction at Little River is entitled for 310 units and 8 stories, with TOD designation granting an additional 4 stories and 78 residential units and 112,640 square feet, with up to 380 fewer parking spaces than would be required outside of a TOD. Grand total of 12 stories and 388 units.

Price History
3/29/2021 Listed $17,750,000
5/17/2021 8% - $16,500,000
6/11/2021 10% - $14,900,000

General Features

Architectural Style Fourplex
Cooling Other
Flooring Other
Heating Other
MLS Area 32
Pool Features None
Property SubType Quadruplex
Property Type ResidentialIncome
Rent Includes Other
Roof Other
Sewer Other
Terms Other
Year Built Details New Construction
Zoning Description T6-8-O

Exterior Features

Covered Spaces 0.0
Lot Features Item14to12AcreLot
Lot Size Units SquareFeet
Total Parking 300.0
Water Source Other
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 33138

Price
AVG $2.38M
$14.9M
Taxes
AVG $6,613
$11,979
Visits
AVG 70
275
Year Built
AVG 1948
1950

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