Description

Fully leased six-unit multifamily opportunity totaling approximately 3,993 SF situated on a 13,275 SF lot with T6-8-O zoning. The property consists of four 1-bedroom units, two 3-bedroom units, plus additional leased parking income, providing stable in-place cash flow. The true upside lies in its redevelopment potential. Zoned T6-8-O, the site offers significant density flexibility with a conceptual redevelopment yield of up to ±42 units (subject to approvals). Eligible for Live Local incentives, this property presents a rare covered-land play with income during the planning phase. Two-story building configuration. Folio: 01-3133-008-0340. Submarket: Paradise Park. Located within the Little Havana multifamily corridor, one of Miami’s most consistently occupied rental markets with historically low vacancy. Property Overview: ±3,993 SF existing improvements Two-story multifamily building Four (4) 1-bedroom units Two (2) 3-bedroom units Additional leased parking income Fully occupied with strong in-place cash flow Folio: 01-3133-008-0340 Development Profile: Lot Size: 13,275 SF Zoning: T6-8-O Primary Zone: 6100 – Commercial Neighborhood Live Local eligible site Conceptual redevelopment potential of up to ±42 units (subject to verification and approvals)

Address

Open on Google Maps

Address: 17th Ter
City: Miami
State/county: Miami-Dade County
Zip/Postal Code: 33125
Area: PARADISE PARK AMD PL

Details

Updated on March 17, 2026 at 2:49 am

Property ID A11981015
Price $1,625,000
Property Size 4577 Square Feet
Year Built 1945
Type Quadruplex
Property Status Residential Income

Additional details

ArchitecturalStyle Other
BuildingAreaTotal 4577
BuildingAreaUnits Square Feet
BuildingName PARADISE PARK AMD PL
ConstructionMaterials Concrete Block Construction
ContractStatusChangeDate 2026-03-16
Cooling Central Air
DaysOnMarket 0
DocumentsAvailable Other Available Information, Rent Rolls
ExpirationDate 2026-09-16
Flooring Concrete
Heating Central
InternetAddressDisplayYN 1
InternetEntireListingDisplayYN 1
ListAOR A-Miami Association of REALTORS
ListAgentDirectPhone 305-450-5992
ListingTerms All Cash
LotFeatures 1/4 To Less Than 1/2 Acre Lot
LotSizeSquareFeet 0
MLSAreaMajor Paradise Park Amd Pl
MajorChangeTimestamp March 16, 2026 at 04:11pm
MajorChangeType New
MlsStatus Active
ModificationTimestamp March 16, 2026 at 08:00pm
OnMarketDate 2026-03-16
OriginalEntryTimestamp March 16, 2026 at 04:11pm
OriginalListPrice 1625000
OriginatingSystemID miamire
OriginatingSystemKey miamire
OriginatingSystemName Miami Association of REALTORS®
OtherExpense 0
ParcelNumber 01-31-33-008-0340
ParkingTotal 10
PhotosChangeTimestamp March 16, 2026 at 04:20pm
PhotosCount 5
Possession Funding
PostalCodePlus4 1117
PriceChangeTimestamp March 11, 2026 at 04:54pm
PublicSurveyRange 31
PublicSurveySection 33
PublicSurveyTownship 31
RentIncludes Cable TV, Electricity, Sewer, Water
Roof Concrete
Sewer Other
ShowingContactType Agent
ShowingInstructions Appointment Only, Call Listing Agent
SourceSystemKey 439660312
StateOrProvince FL
StatusChangeTimestamp March 16, 2026 at 04:11pm
Stories 2
StoriesTotal 2
StreetDirPrefix NW
StreetName 17th Ter
StreetNumber 2765
StreetNumberNumeric 2765
StructureType Quadruplex, Fourplex
SyndicationRemarks Fully leased six-unit multifamily opportunity totaling approximately 3, 993 SF situated on a 13, 275 SF lot with T6-8-O zoning. The property consists of four 1-bedroom units, two 3-bedroom units, plus additional leased parking income, providing stable in-place cash flow. The true upside lies in its redevelopment potential. Zoned T6-8-O, the site offers significant density flexibility with a conceptual redevelopment yield of up to ±42 units (subject to approvals). Eligible for Live Local incentives, this property presents a rare covered-land play with income during the planning phase. Two-story building configuration. Folio: 01-3133-008-0340. Submarket: Paradise Park. Located within the Little Havana multifamily corridor, one of Miami’s most consistently occupied rental markets with historically low vacancy. Property Overview: ±3, 993 SF existing improvements Two-story multifamily building Four (4) 1-bedroom units Two (2) 3-bedroom units Additional leased parking income Fully occupied with strong in-place cash flow Folio: 01-3133-008-0340 Development Profile: Lot Size: 13, 275 SF Zoning: T6-8-O Primary Zone: 6100 – Commercial Neighborhood Live Local eligible site Conceptual redevelopment potential of up to ±42 units (subject to verification and approvals)
TaxAnnualAmount 16694
TaxLegalDescription AMD PL PARADISE PARK PB 15-55 LOT 47 LOT SIZE 13275 SQUARE FEET OR 16028-1376 0893 1
TaxYear 2025
YearBuiltDetails Effective Year Built
Zoning 6100