220 NW 11th Ter, Miami, FL 33136

About 220 NW 11th Ter, Miami, FL 33136

a 12-unit multifamily property located in the Overtown neighborhood of Miami, Florida. The property consists of eleven two-bedroom/one-bathroom units and one one-bedroom/one-bathroom unit across approximately 6,234 square feet of rentable area on a 7,500 SF lot zoned T6-8-O, permitting up to 8 stories of development. The property is currently 83.3% occupied with in-place rents averaging $1,600 per month. The property's T6-8-O zoning supports future redevelopment at up to 8 stories, providing optionality for long-term investors seeking density in Miami's urban core. The generous lot size of 7,500 square feet on a corner parcel further enhances the redevelopment potential of this site.

How This Listing Compares in Miami

Per square foot, it is asking 15% below the Miami median for sales closed over the last twelve months.

Medians from closed MLS sales in Miami; a starting point, not an appraisal.

Home Features at 220 NW 11th Ter, Miami, FL 33136

Interior Features

Stairs

Flooring

Vinyl

Heating

Central

Cooling

Central Air

Architectural Style

Attached

Pool Private

No

Year Built Details

Resale

The Building at 220 NW 11th Ter, Miami, FL 33136

Building Name

MIAMI NORTH

Building Area Total

6234

Building Area Units

Square Feet

Stories

3

Stories Total

3

Association

No

Lot, Views & Construction at 220 NW 11th Ter, Miami, FL 33136

Lot Features

Less Than 1/4 Acre Lot

Lot Size Square Feet

0

Waterfront

No

View

No

Construction Materials

Concrete Block Construction

Roof

Flat Tile

Sewer

Public Sewer

New Construction

No

Taxes & Public Record for 220 NW 11th Ter, Miami, FL 33136

Parcel Number

01-31-37-031-0170

Tax Annual Amount

$23,151

Tax Year

2,025

Tax Legal Description

32 53 42 MIAMI NORTH SUB PB B-41 LOT 2 BLK 6 LOT SIZE 50.000 X 150 OR 17056-4759 1295 5

Zoning

6100

County Or Parish

Miami-Dade County

Map & Neighborhood