Listing UP for Sale
Two adjacent corner lots being sold together between El Portal and Miami Shores. One lot has 2 houses and the other lot has 1 house plus space to develop a two story 1200 SQFT house. See diagrams in the pictures for a better understanding. The property can be leased annually to 3 different single family home tenants for approximately $10,000 – $11,000 as a potential 6% cap rate OR it can be operated as an Airbnb functioning as a 6-unit rental (1st house has 2 guest rooms, second house has 1 guest room) generating over $250,000.00 in revenue at an approximate 11% cap rate. Both lots combine for 14,000 SQFT and the property is unincorporated Dade County making it very easy to pull permits and develop the vacant space. The property is currently being used as a 6-unit Airbnb. Call Agent.
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