Name: 249 Collins Ave, Miami Beach | MLS® A11893497
SKU: a11893497
Price: 16000000.0 USD
Availability: InStock

$16,000,000 Sale

Listed 11 hours ago

249 Collins Ave

MLS® a11893497 Multi Family

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Beds · 0

Baths · 0

Parking · -

Sqft · -

Est. mortgage

$60,699/mo

Property Taxes

$93,460/yr

Association Fee

$0.00/mo

Key Facts

Key facts for 249 Collins Ave

Property Type

Apartment, Detached

Parking

Other

MLS #

A11893497

Size

Basement

Listed on

Lot size

Tax

$93,460 /yr

Days on Market

Year Built

1920

Maintenance Fee

Description

Ultra Rare South of Fifth development opportunity. This 13,000 SF lot includes 249 Collins Ave, 255 Collins Ave & 247 Ocean Ct. Existing improvements feature 15 apartments + 2 retail spaces producing $467,900 gross annually with rents well below market. A development feasibility study confirms the p...otential to build up to 5 stories with 26 residential units and 22,750 SF of buildable area without variances. Potential to increase this even more by taking advantage of the Live Local Act or other state, county, & city development bonuses. Exceptional chance to create a new project in Miami Beach's most coveted neighborhood, blending immediate income with prime development upside.

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Full Property Details

Interior

Washrooms

Heating

Unspecified

Air Conditioning

Cooling

Unspecified

Flooring

Unspecified

Appliances

Unspecified

Washrooms

Heating

Unspecified

Air Conditioning

Cooling

Unspecified

Flooring

Unspecified

Appliances

Unspecified

Exterior

Front

13000.00

Lot Size

13000.00 acres

View

Unspecified

Waterfront

Unspecified

Parking

Other

Parking Spaces

Total Parking Spaces

Garage Spaces

Zoning

3003

Parking Type

Other

Front

13000.00

Lot Size

13000.00 acres

View

Unspecified

Waterfront

Unspecified

Parking

Other

Parking Spaces

Total Parking Spaces

Garage Spaces

Zoning

3003

Parking Type

Other

Building Description

Style

Detached

Property Type

Commercial Sale

Home Type

Apartment

Subtype

Multi Family

Year Built

1920

Sewers

PublicSewer

Water Supply

Public

Roof Type

BuiltUp

Architecture

Detached

Style

Detached

Property Type

Commercial Sale

Home Type

Apartment

Subtype

Multi Family

Year Built

1920

Sewers

PublicSewer

Water Supply

Public

Roof Type

BuiltUp

Architecture

Detached

Community

County

Miami-Dade

Area Code

County

Miami-Dade

Area Code

Taxes & Fees

Taxes

$93,460 /yr

Tax Year

2024

Financing Terms

Cash,Conventional

HOA Fee

$0.00 /mo

Taxes

$93,460 /yr

Tax Year

2024

Financing Terms

Cash,Conventional

HOA Fee

$0.00 /mo

Other

Virtual Tour Link

https://www.propertypanorama.com/instaview/mia/A11893497

Pets

Unspecified

Virtual Tour Link

https://www.propertypanorama.com/instaview/mia/A11893497

Pets

Unspecified

Kitwana Mbaya

Email: [email protected] Cell: 9545478923