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$825,000

812 NW 29th Ter

2 bd · 1 ba · 1,061 sq ft

5 days on marketSingle Family Residence

Listing courtesy of Related General Realty, LLC.. 305-932-6365

From the MLS

Bedrooms
2
Bathrooms
1
Living area
1,061 sq ft
Asking per square foot
$778
Year built
1923
ZIP code
33127
MLS number
A12080496

What the listing says

DEVELOPMENT OPPORTUNITY – 6,000 SF LOT | CURRENT RENTAL INCOME Excellent opportunity to own a property situated on approximately 6,000 SF of land, currently featuring a rented single-family home generating $3,700 per month in rental income. The property offers both immediate rental income and significant future development potential. The adjacent 8,850 SF property, which includes a rented duplex generating approximately $5,800 per month, is also available for sale separately. Purchasing both properties would allow a buyer to assemble approximately 14,850 SF of contiguous land, creating an attractive opportunity for future development, subject to zoning and municipal approvals. Ideal for investors, developers, or builders looking to acquire a property with existing income while exploring the potential of a larger land assemblage. Property offered for sale separately. Adjacent 8,850 SF property also available separately. Buyer to independently verify zoning, land use, density, and development potential with the municipality.

Description supplied by Related General Realty, LLC..

Before you offer on this one

The asking price is the easy part. What decides a Miami condo purchase sits in the association’s budget, its reserve study, the last twelve months of board minutes and the milestone inspection — and in whether the declaration permits what you intend to do with it.

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