5979 37th St ,Detached, Quadruplex, Sub Of Track A Of Sunset for Sale

5979 37th St for Sale

Price $4,150,000.00

• Lot size 5508
• Year Build 1965
• Waterfront
• Zip 33166
• Style Detached
• Parking Description
• Pool Yes
• Status Active

Description

REDEVELOPMENT OPPORTUNITY and APPROVED PROJECT, RETIRE OWNER is giving away an excellent OPPORTUNITY. A very well located ONE ACRE LOT (43,560 sq ft), could be rezoned to built a 200/250 Hotel units. This property already has an existing 12 rental units and also has a project to build 18 units already approved by Miami-Dade and Virginia Gardens.EXCELLENT LOCATION close to Doral, Miami Springs,826 hwy and Miami International Airport,in the exclusive area of Virginia Garden. Property contains 12 existing rental units generating a Yearly Gross Income of $186,600.The approved Project for the 18 new units will generate a Gross Income of $481,200 in today's rental market price (there is room to go up).This ideal package will allow a total of 30 rental units or rezoned to built a 200/250 Hotel.

25 53 40 1.00 AC SUB OF TR A OF SUNSET ACRES LOT 15 PB 42-9 LOT SIZE IRREGULAR

1 To Less Than 2 Acre Lot

REDEVELOPMENT OPPORTUNITY and APPROVED PROJECT, RETIRE OWNER is giving away an excellent OPPORTUNITY. A very well located ONE ACRE LOT (43,560 sq ft), could be rezoned to built a 200/250 Hotel units. This property already has an existing 12 rental units and also has a project to build 18 units already approved by Miami-Dade and Virginia Gardens.EXCELLENT LOCATION close to Doral, Miami Springs,826 hwy and Miami International Airport,in the exclusive area of Virginia Garden. Property contains 12 existing rental units generating a Yearly Gross Income of $186,600.The approved Project for the 18 new units will generate a Gross Income of $481,200 in today's rental market price (there is room to go up).This ideal package will allow a total of 30 rental units or rezoned to built a 200/250 Hotel.

City:Virginia Gardens,Zoning:3700,List A O R:A-Miami Association of REALTORS,Stories:3,Tax Year:2021,Latitude:25.8083441,Cooling Y N:1,Heating Y N:1,List Price:4150000,Listing Id:A11312723,Longitude:-80.2945624,Mls Status:Active,Year Built:1965,Living Area:5508,Possession:1:Negotiable,Postal Code:33166,Street Name:37th St,Coordinates:1:25.8083441,Photos Count:8,Building Name:SUB OF TRACK A OF SUNSET,Days On Market:85,Listing Terms:1:Conventional,2:Owner Will Carry,Lot Size Units:Square Feet,M L S Area Major:Sub Of Track A Of Sunset,On Market Date:2022-07-07,Parcel Number:26-30-25-011-0060,Parking Total:40,Property Type:Residential Income,Rent Includes:1:Electricity,Stories Total:3,Street Number:5979,M I A M I R E_ Style:Fourplex,Public Remarks:REDEVELOPMENT OPPORTUNITY and APPROVED PROJECT, RETIRE OWNER is giving away an excellent OPPORTUNITY. A very well located ONE ACRE LOT (43,560 sq ft), could be rezoned to built a 200/250 Hotel units. This property already has an existing 12 rental units and also has a project to build 18 units already approved by Miami-Dade and Virginia Gardens.EXCELLENT LOCATION close to Doral, Miami Springs,826 hwy and Miami International Airport,in the exclusive area of Virginia Garden. Property contains 12 existing rental units generating a Yearly Gross Income of $186,600.The approved Project for the 18 new units will generate a Gross Income of $481,200 in today's rental market price (there is room to go up).This ideal package will allow a total of 30 rental units or rezoned to built a 200/250 Hotel.,Structure Type:1:Fourplex,County Or Parish:Miami-Dade County,Expiration Date:2023-07-31,List Office Name:The Lab Realty Group, LLC,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:Price Decrease,Postal Code Plus4:5789,Property Sub Type:Quadruplex,State Or Province:FL,Street Dir Prefix:NW,Subdivision Name:SUB OF TRACK A OF SUNSET,Tax Annual Amount:25228,Unparsed Address:5979 NW 37th St, Virginia Gardens FL 33166,Listing Agreement:Exclusive Right To Sell,Year Built Details:Resale,Building Area Total:5508,Building Area Units:Square Feet,M I A M I R E_ L P Amt Sq Ft:753.4495,Original List Price:4500000,Previous List Price:4500000,Public Survey Range:30,Documents Available:1:Deposit - Last Months Rent,2:Deposit - Security,I D X Participation Y N:1,Number Of Units Total:30,Syndication Remarks:REDEVELOPMENT OPPORTUNITY and APPROVED PROJECT, RETIRE OWNER is giving away an excellent OPPORTUNITY. A very well located ONE ACRE LOT (43,560 sq ft), could be rezoned to built a 200/250 Hotel units. This property already has an existing 12 rental units and also has a project to build 18 units already approved by Miami-Dade and Virginia Gardens.EXCELLENT LOCATION close to Doral, Miami Springs,826 hwy and Miami International Airport,in the exclusive area of Virginia Garden. Property contains 12 existing rental units generating a Yearly Gross Income of $186,600.The approved Project for the 18 new units will generate a Gross Income of $481,200 in today's rental market price (there is room to go up).This ideal package will allow a total of 30 rental units or rezoned to built a 200/250 Hotel.,Listing Contract Date:2022-07-07,Originating System I D:miamire,Public Survey Section:25,Showing Instructions:24 Hour Notice,Call Listing Agent,Street Number Numeric:5979,Tax Legal Description:25 53 40 1.00 AC SUB OF TR A OF SUNSET ACRES LOT 15 PB 42-9 LOT SIZE IRREGULAR,Public Survey Township:30,Construction Materials:1:CBS Construction,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Adjusted Area S F:2742,Contract Status Change Date:2022-07-07,Internet Address Display Y N:1,Transaction Broker Compensation:3%,Internet Entire Listing Display Y N:1,Transaction Broker Compensation Type:%,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:753.45,