North Miami, FL 33161
Property Type
Single Family
Lot Size
0.18 Acres
Central AC
Yes
Patio/Porch
Deck
Year Built
1950
Home Style
Detached, OneStory
Listing courtesy of Joseph Fansler of American Real Estate & Mortgage LLC.
ATTENTION INVESTORS & DEVELOPERS — RARE R5 OPPORTUNITY This is a high-upside, infill development opportunity in a prime Biscayne corridor location. The 7,800 SF R5-zoned lothas received city confirmation allowing 3–7 residential units and qualifies for the Floating Density Factor, creating significant flexibility and upside. City correspondence confirming potential unit count is available upon request. This is a R-5 and conditional for 7 units. Seller will not review low ball offers. Thank you!! An existing single-family residence sits on the property, offering a strategic advantage: the ability to secure conventional financing and deploy capital toward redevelopment—a major win in today’s lending environment. Opportunities like this do not last. R5 lots with documented density potential are extremely limited. VALUE-ADD & EXPANSION POTENTIAL • Adjacent parcel may be available, allowing assemblage and expansion to up to 14 units. • Proven development success across the street, where an investor has completed 18 units, validating density and market demand. • Strong rental demand fueled by proximity to Biscayne Park, Biscayne Blvd, restaurants, retail, and nightlife, all within walking distance. This is an ideal play for developers, builders, and long-term investors seeking density, location, and scalable upside in a supply-constrained market.
0.18 Acres
1
1
2
North Miami
A11942536
849 Sqft
Single Family
1950
Detached, OneStory
Block
1
1950
3700
florida
Deck
Driveway
Dryer, Electric Range, Disposal, Microwave, Refrigerator
Yes - Central Air
Hardwood, Wood
Yes - Central, Electric
Master Downstairs
Public
Total$3,302.45/Month
*The values provided are approximate. For more precise information, please contact a BHS agent who can offer further assistance.
Information is deemed reliable but is not guaranteed and should be independently verified.