Re Development Opportunity

1401 NE 123 St North Miami, FL 33162

FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$3,500,000
Last Verified:
Nov 25, 2019

Highlights

  • Zoned Multi-Family up to 75 Units
  • Can be Student Housing with City Exemption
  • Johnson & Whales .4 Miles 1900 Students
  • FIU 3.8 Miles 7,000 Students
  • Nova University 3.6 Miles 3,500 Students
  • Total of 12,400 Students in Area

Description

This Property is ready for re Development, with all the changes happening in North Miami, this property is in the middle of all that is going on.

123 St


Year Built: 1968
Building Size: 1897.0sq ft
Building Class: C
Lot Size: 0.51 acres

Map of 1401 NE 123 St, North Miami, FL, 33162

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.