2840 SW 32nd Ct

Miami, FL 33133

DEVELOPERS DREAM!!! Prime land in the heart of Shenandoah/Silver Bluff a few minutes drive to Coconut Grove on 32nd and US1.Lot is zoned multi-family, T3O, up to 9 units and sits on just under 7000 sf of land, larger than most lots on the market. Build two twin homes that are selling for $1.2 million each, which already exist on the same block and throughout entire area, or fix existing structure and earn 6% CAP RATE immediately. Additionally, add dwellings to the lot and convert it into a tripex or fourplex. At a bargain price of $697,900 still leaves plenty of margin once development is completed.This will not last so submit offers asap.Seller may consider some sort of owners finance under certain circumstances with a minimum of 50% downpayment.