6017 SW 40th Ct, Miramar, FL 33023, USA Pending

  • $113,000
Pending
6017 SW 40th Ct, Miramar, FL 33023, USA

BUILDABLE FOR UP TO 10 UNITS. I have this lot priced OVER 50% OFF current market value. There is HUGE profit in this deal whether you decide to hold at a potential 20% CAP RATE.Your main limiting factor on how many units you can build/fit will be meeting the parking requirements. Parking requirements state that you must have 2 parking spaces per unit. I have spoken with an architect who stated he could fit 12-14 parking spaces if you made the first floor all parking. That would mean you could build 6-7 units. However, the TOC zoning allows for a 35% parking requirement reduction. This means that you can build up to 10 units! Math: 10 units x 2 parking spots per unit = 20 parking spots. 20 parking spots x .65 (35% reduction) = 13 parking spots for 10 units!
Call for more details.

Price:
$113,000
Address:
6017 SW 40th Ct
Miramar, FL 33023
Lot Size:
5,000
Terms:
For Sale
Property Type:
Land

Call (954) 998-3366 for more details

Property Location