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17480 SW 232nd St
5.01 Acres of Residential Land Offered at $10,000,000 in Miami, FL 33170
Investment Highlights
- Multi business opportunity
Executive Summary
I TOOK IT OPON MYSELF TO SHARE SOME IDEAS THAT I DID MY RESARCH ON TO DEVELOP ON THIS PROPERTY.
Ideas to develop on the property.
1.Self storage
2. Townhomes
3.Golf Park
4.Fruit growing, natural herbs, medical herbs
5. RV parking
6. Motel, Hotel
7. Horse Stable
Financial Summary (Pro forma - 2023) |
Annual | Annual Per AC |
|---|---|---|
| Gross Rental Income |
$1,000,000
|
$199,600.80
|
| Other Income |
$5,000,000
|
$998,003.99
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$6,000,000
|
$1,197,604.79
|
| Taxes |
$4,500
|
$898.20
|
| Operating Expenses |
$500,000
|
$99,800.40
|
| Total Expenses |
$504,500
|
$100,698.60
|
| Net Operating Income |
$5,495,500
|
$1,096,906.19
|
Financial Summary (Pro forma - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $1,000,000 |
| Annual Per AC | $199,600.80 |
| Other Income | |
|---|---|
| Annual | $5,000,000 |
| Annual Per AC | $998,003.99 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income | |
|---|---|
| Annual | $6,000,000 |
| Annual Per AC | $1,197,604.79 |
| Taxes | |
|---|---|
| Annual | $4,500 |
| Annual Per AC | $898.20 |
| Operating Expenses | |
|---|---|
| Annual | $500,000 |
| Annual Per AC | $99,800.40 |
| Total Expenses | |
|---|---|
| Annual | $504,500 |
| Annual Per AC | $100,698.60 |
| Net Operating Income | |
|---|---|
| Annual | $5,495,500 |
| Annual Per AC | $1,096,906.19 |
Property Facts
1 Lot Available
Lot 39
| Price | $10,000,000 | Lot Size | 5.01 AC |
| Price Per AC | $1,996,004 |
| Price | $10,000,000 |
| Price Per AC | $1,996,004 |
| Lot Size | 5.01 AC |
Residential/Agriculture/Commercial 5.1 AC of Land and Business included. Income generating from 1.5 AC rental, Restautant.
Description
Approx. Lot Size 311X702 Subdivision Name: RELAND 5.01 ACRES Lot Description 5 to Less Than 10 Acre Lot Location: County Location, Near Airport .Near Schools, Urban Area Development On Site Utilities Electric, Irrigation Water ,Phone Line, Water Pump
PROPERTY TAXES
| Parcel Number | 30-6910-000-0171 | Total Assessment | $11,792 (2024) |
| Land Assessment | $0 (2024) | Annual Taxes | $4,500 |
| Improvements Assessment | $0 (2024) | Tax Year | 2023 |
PROPERTY TAXES
zoning
| Zoning Code | 9000 (Residential, Commercial, Agriculture) |
| 9000 (Residential, Commercial, Agriculture) |
Presented by
17480 SW 232nd St
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