337 NW 48th St, Miami, FL, 33127
337 NW 48th St, Miami, FL, 33127 - Image 2337 NW 48th St, Miami, FL, 33127 - Image 3337 NW 48th St, Miami, FL, 33127 - Image 4337 NW 48th St, Miami, FL, 33127 - Image 5

337 NW 48th St, Miami, FL, 33127

5 bedrooms · 3 baths · 2,072 sq.ft.

Asking Price is firm unfortunately. Situated on an expansive 10,800 SQ. FT. LOT (75' frontage) in Miami's rapidly transforming Buena Vista neighborhood, this property presents an exceptional opportunity for investors and developers looking to capitalize on the area's growing luxury residential market. The property features two separate structures. The rear structure is currently uninhabitable, while the existing two-story main residence is owner-occupied on the first floor. Four upstairs bedrooms are rented individually, generating a combined $2,400 in monthly rental income. 2 Mango & 2 Avocado trees line the west perimeter of the property. Classified as Single Family / Ancillary Unit, the property offers an exciting opportunity to reimagine the site with a luxury single-family residence, ancillary living quarters, swimming pool, outdoor entertainment areas, and additional recreational amenities. Newer luxury residences in the surrounding neighborhood have achieved sales prices exceeding $3 million, demonstrating the potential of this desirable location. Bring your architect, your contractor, and your vision. Opportunities to acquire a lot of this size in Buena Vista are increasingly compelling as the neighborhood continues to evolve. Property sold AS-IS. Seller requests 60-day post-closing occupancy. Buyer to independently verify zoning, permitted uses, development potential, existing improvements, and all property information.

Information

Property typeSingle Family
Size2,072 sq.ft.
Plot size10,800 sqft
Year built1935
Stories2
Price per sq.ft.USD 579
Last sold1993-01-12
Last sold priceUSD 18,000
CountyMiami-Dade
ZIP code33127
LocationMiami, United States

USD 1,200,000

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Where it's located

Miami, United States

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