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4440 NW 27th Ave
0.6 Acres of Residential Land Offered at $5,435,125 CAD in Miami, FL 33142
Investment Highlights
- MC-UC zoning, allows for 107 units by right - Opportunity Zoned Land
- Blocks to Metrorail on 27th Ave just south of NW 54th Street (0.40 miles)
- Rent at 120% of AMI which are in line with market rents
- Land assemblage of 6 parcels totaling 60% of an acre
- Equity & Debt Financing Available - e-mail to request detail info sheets
- Sufficient parking reduction opportunities to achieve desired unit count
Executive Summary
Property Facts
| Price | $5,435,125 CAD | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| Sale Conditions | Redevelopment Project | Total Lot Size | 0.60 AC |
| No. Lots | 1 | Opportunity Zone |
Yes
|
| Price | $5,435,125 CAD |
| Sale Type | Investment |
| Sale Conditions | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 0.60 AC |
| Opportunity Zone |
Yes |
1 Lot Available
Lot
| Price | $5,435,125 CAD | Lot Size | 0.60 AC |
| Price Per AC | $9,058,542 CAD |
| Price | $5,435,125 CAD |
| Price Per AC | $9,058,542 CAD |
| Lot Size | 0.60 AC |
Develop up to 107 units close to all major employment centers of Miami with great transit connectivity. Build up to 10 stories and up to 107 units using a mix of market rate and workforce housing at 120% of AMI or Tax Credit: $37,000/door land cost.
Description
Develop 107 +/- units of multifamily on this Up-zoned & Opportunity Zoned Land assemblage of 26,136 SF (0.60 acres) offering a full block frontage on NW 27th Ave between NW 44th & 45th Streets near I-112 access in Miami-Dade County, FL, with over 33,000 vehicles per day. Ideal multi-family development site for up to 107 units in an up & coming area between I-112/ NW 36th Street and NW 54th Street with immediate access to public transportation between 2 metro station stops, highways, & local community resources. Zoned MCUCD and up-zoned for 107 units. Build up to 10 stories. Site has adequate access to water/sewer & electric. Property offers 2 curb-cuts on NW 27th Ave as well as one on NW 45th Street. See attached Proforma Rental and Profit & Loss Development Models based upon the benefits of entering all 107 units in a 30 year 120% of AMI affordable program under Florida SB-102 Live Local Act. Request Equity & Debt Financing available for review.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $0 CAD | Total Assessment | $616,337 CAD |
PROPERTY TAXES
zoning
| Zoning Code | MC-UCD (MC-UCD and up-zoned + Opportunity Zoned Land: See attached Rental & P&L Development models.) |
| MC-UCD (MC-UCD and up-zoned + Opportunity Zoned Land: See attached Rental & P&L Development models.) |
Presented by
4440 NW 27th Ave
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