14752 NE 6th ave, North Miami, FL
The 2 -acre site was bought out for $1 million last year and is already getting ready to go up!
The three-story, 54,300-square-foot building would be built on a 2-acre site. The units would each have two bedrooms and two bathrooms. Rents are expected to be about $1,645 a month. Global One Investment Group is the developer of the property.
Love to see developments happening on the small scale, since big things we always write about.
Since last year the jump in single family residences sales and price hikes had prompted us to raise the investment prices from under $150,000 to under $300,000. The reality of Miami-Dade market is such that we get Liberty city trading over $160,000 3/1 CBS all day long!!
You can still have cash flow, but you will definitely need to calculate repairs and check current rental rates (its going up).
Palm Beach single family homes in Rivera Beach are up and deals under $100k are supper scarce in both Riviera Beach and West Palm, the only place left under is Belle Glade, but not every investor would drive up that far west and rents are not very supportive. Broward and Dade are super hot, single families under $200k are flying off, mostly deals are under $300k mark now:(
Oceanfront deals for 2/2 condos are soo limited -you have a total of 36 listed 2/2 in Ocean drive in Broward total and more than half are across the street...
Sunny Isles Beach 1/1 market is super dry -only 26 units and that's with like 5 Ramada condo-hotel units...
Miami Beach 1 bed room market is super dry as well with only 127 units and lowest one starting at $130,000.
But there are also sellers losing money in this market as well as sellers making quick buck, very very interesting situation we are in.
Yotelpad topped off , sold out and soon to be delivered!The project broke ground in January 2019, and a foundation pour took place in August 2019.Read more
Miami-based FECI obtained Federal Aviation Administration approval to build One Miami Central 1,120 feet above ground level, which would have made it the tallest building in the state, if the plans were not revised:(Read more
Aventura-based Immocorp Ventures signed a term sheet with the city’s Community Redevelopment Agency (CRA) in 2019 for the 3.32-acre property at 2400 Broadway in the Northwood Village neighborhood, just north of downtown. That ground lease was approved in September 2020, but the developer still needed to finalize its site plan before moving forward.Read more
Sold for nearly $109,6 million by German entrepreneur and philanthropist Dr. Ernst Langner 15,954-square-foot mansion marks second most expensive highest sale to close on the island recently!The 2.7-acre property last sold in 2012 for $23.5 million. Langner demolisheRead more