Premier Development Site at 10902 Southwest 2nd Street
FOR SALE
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$11,700,000
10902 Southwest 2nd Street, Miami, FL 33174
Property Description
We're excited to present a premier development opportunity minutes from Florida International University (FIU)—one of the nation’s largest universities with a thriving student population and strong rental demand.
This property consists of 31 townhomes, each featuring two bedrooms and two bathrooms, offering immediate rental income. The property’s University City District (UC) zoning allows for potential redevelopment into a 15-/+ story, 200-/+ unit mixed-use project, making it a lucrative opportunity for investors and developers. This is a strategic investment with both short and long-term potential.
Property Details
Asset Type
Development Site
Zoning
UC
Lot Size
55,000 SF
Neighborhood
Sweetwater
Submarket
Miami
ZIP
33174
Listing Type
sale
Offering Memorandum
30 years
10 years
Net Operating Income (NOI)
$0
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)
-$665,568
Cash-on-Cash Return
-22.75%
Monthly Debt Service
$55,464
Annual Debt Service
$665,568
View on Map
Address
10902 Southwest 2nd Street
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Miami Development Site Market Snapshot
Boundary boundary · Development Site · Sale
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