56 60th St ,Residential, High School Pk Track for Sale

56 60th St for Sale

Price $350,000.00

• Lot size 5900
• Year Build
• Waterfront
• Zip 33127
• Style
• Parking Description
• Pool Yes
• Status Active

Description

Potential Redevelopment or Renovation of existing property in Miami, FL. Duplex-zoned land (T3-O) with the benefit of being a covered land play. Currently a duplex rented at $55,200 annually for a potential 6% + Cap. Front is a 3/2 & back is a 2/1.5. Redevelop: Potentially a new two (2) unit, 2-story duplex townhome development. Cash only as property has violations & a demolition order. Text agent to schedule discuss or see attached information. Investors are rolling into this hot area w/in walking distance to the Magic City Tech Hub Development between 59th & 64th Street. Minutes to the Design District, Midtown Miami Shopping, Wynwood Entertainment District, Edgewater/Downtown & the MIMO District of Miami?s Upper East Side.

The property (56 NW 60th Street) currently has violations for non-conforming use and an existing demolition order. Please see attached Disclosure for status update and ideas. Cash buyers only.

HIGH SCHOOL PARK TR PB 4-44 LOT 7 BLK 1 LOT SIZE 50.000 X 118 OR 18753-3307 08 1999 1 COC 22312-4865 05 2004 4

City Location, Less Than 1/4 Acre Lot, Fenced, Sidewalk

Potential Redevelopment or Renovation of existing property in Miami, FL. Duplex-zoned land (T3-O) with the benefit of being a covered land play. Currently a duplex rented at $55,200 annually for a potential 6% + Cap. Front is a 3/2 & back is a 2/1.5. Redevelop: Potentially a new two (2) unit, 2-story duplex townhome development. Cash only as property has violations & a demolition order. Text agent to schedule discuss or see attached information. Investors are rolling into this hot area w/in walking distance to the Magic City Tech Hub Development between 59th & 64th Street. Minutes to the Design District, Midtown Miami Shopping, Wynwood Entertainment District, Edgewater/Downtown & the MIMO District of Miami?s Upper East Side.

City:Miami,Zoning:5700,List A O R:A-Miami Association of REALTORS,Tax Year:2024,Latitude:25.8305358,List Price:350000,Listing Id:A11678458,Longitude:-80.1975606,Mls Status:Active,Current Use:1:Other Usage,Directions:Text agent for videos tours & pics of the interiors of both units. See attached draft P&L statement.,Postal Code:33127,Street Name:60th St,Coordinates:1:25.8305358,Lot Features:1:Less Than 1/4 Acre Lot,2:Fenced,3:Sidewalk,Photos Count:13,Building Name:HIGH SCHOOL PK TRACK,Days On Market:43,Lot Size Acres:0.13,Lot Size Units:Square Feet,M I A M I R E_ Area:31,M L S Area Major:High School Pk Track,On Market Date:2024-10-21,Parcel Number:01-31-13-063-0060,Property Type:Land/Boat Docks,Street Number:56,Public Remarks:Potential Redevelopment or Renovation of existing property in Miami, FL. Duplex-zoned land (T3-O) with the benefit of being a covered land play. Currently a duplex rented at $55,200 annually for a potential 6% + Cap. Front is a 3/2 & back is a 2/1.5. Redevelop: Potentially a new two (2) unit, 2-story duplex townhome development. Cash only as property has violations & a demolition order. Text agent to schedule discuss or see attached information. Investors are rolling into this hot area w/in walking distance to the Magic City Tech Hub Development between 59th & 64th Street. Minutes to the Design District, Midtown Miami Shopping, Wynwood Entertainment District, Edgewater/Downtown & the MIMO District of Miami?s Upper East Side.,County Or Parish:Miami-Dade County,Direction Faces:North,List Office Name:Douglas Elliman,Private Remarks:The property (56 NW 60th Street) currently has violations for non-conforming use and an existing demolition order. Please see attached Disclosure for status update and ideas. Cash buyers only.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:Back On Market,Postal Code Plus4:1232,Property Sub Type:Residential,State Or Province:FL,Street Dir Prefix:NW,Subdivision Name:HIGH SCHOOL PK TRACK,Dev new townhomes,Tax Annual Amount:6917,Unparsed Address:56 NW 60th St, Miami FL 33127,Listing Agreement:Exclusive Right To Sell,Building Area Units:Square Feet,Lot Size Dimensions:50x118,Lot Size Square Feet:5900,Original List Price:350000,Public Survey Range:31,I D X Participation Y N:1,Syndication Remarks:Potential Redevelopment or Renovation of existing property in Miami, FL. Duplex-zoned land (T3-O) with the benefit of being a covered land play. Currently a duplex rented at $55,200 annually for a potential 6% + Cap. Front is a 3/2 & back is a 2/1.5. Redevelop: Potentially a new two (2) unit, 2-story duplex townhome development. Cash only as property has violations & a demolition order. Text agent to schedule discuss or see attached information. Investors are rolling into this hot area w/in walking distance to the Magic City Tech Hub Development between 59th & 64th Street. Minutes to the Design District, Midtown Miami Shopping, Wynwood Entertainment District, Edgewater/Downtown & the MIMO District of Miami?s Upper East Side.,Listing Contract Date:2024-10-21,Originating System I D:miamire,Public Survey Section:13,Showing Instructions:See Broker Remarks,Street Number Numeric:56,Tax Legal Description:HIGH SCHOOL PARK TR PB 4-44 LOT 7 BLK 1 LOT SIZE 50.000 X 118 OR 18753-3307 08 1999 1 COC 22312-4865 05 2004 4,Public Survey Township:31,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:Redevelopment or Renovation of existing property in Miami, FL. Duplex-zoned land. Existing Rents of $55,200/year. Potential 6% Cap.,M I A M I R E_ Showing Time Flag:1,Contract Status Change Date:2024-10-21,Internet Address Display Y N:1,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:Yes - Attribution Required (Agent and Office),Internet Entire Listing Display Y N:1,Internet Automated Valuation Display Y N:1,