Living Area: 2,400 Sq. Ft.
Lot Size: 16,500 Sq. Ft.
2,400 sf SFH in Homestead, sitting on a LARGE 16,500 sf lot. 507 NW 2nd Street, Homestead, FL
Structure is in bad condition (tear-down).
Property is Zoned: 5700 DUPLEXES – GENERAL
Property’s Primary Land Use is: 1229 MIXED USE-STORE/RESIDENTIAL : MIXED USE – COMMERCIAL
Huge development play here — property is surrounded by Duplexes sitting on lots 6,000 to 8,000 sf.
Potential to subdivide the lot and build 2 duplexes, which are selling between $300k to $400k each.
SFHs also selling between $250k & $300k in the area