7522 NE 3rd Pl, Miami, FL 33138

6,250 sqft lot with with plans submitted to the City of Miami for a commercial building in a very up and coming area. The plans include EIGHTEEN units, 15- studios and 3- 2 bedroom 1 bathroom in three stories to be built while newly renovated home is leased for $54,000/ year. The land is zoned T5-R and is located within a TOD Network (Transit Oriented Development) and will be workforce housing to obtain maximum density. This means that even if there will be a recession in the future, you will be able to remain consistent. The location is 3 blocks west of Upper East side and is two blocks from the main road leading to the highway or into Upper East Side. Being sold as an income producing property while finishing permits.