"MELROSE REDEVELOPMENT 116 units with EXISTING INCOME." This offering includes two contiguous lots ( 3340 NW 36 ST & 3520 NW 33 AVE ) on 36th Street, totaling approximately 0.77 acres or around 34,000 square feet. The property features a commercial auto dealer storefront of about 1,000 square feet on the western lot, and a residential duplex with approximately 2,800 square feet on the corner. Both structures are currently occupied by short-term tenants, generating an annual rental income of $180,000. The lots benefit from favorable T6-8 O zoning, which allows for development density of 150 units per acre "by right."


Status:

Active

Type:

Lot / Acreage

Zoning:

6100

Subdivision:

MELROSE HEIGHTS 4TH SEC

Acreage:

0.77

Est. Taxes:

$34,774

Utilities

Cable Available,Electricity Available,Other,Phone Available,Sewer Available,Trash Collection,Water Available

MLS #:

A11589153


Community Info

School Info



Listing courtesy of RE/MAX 360 Real Estate Phone: 305-602-0360