638 SW 15th Ave, Miami FL 33135

Located in the heart of Little Havana, this attached Residential Income Duplex offers a rare combination of immediate rental income and future redevelopment potential. Built in 1923 and part of Lawrence Est Land Cos Sub, this 1,381 square foot property is larger than the tax roll and currently features two long-term tenants generating $4,050 in combined monthly rent, with potential to increase rents to current market levels. Please do not disturb the tenants.
The property is zoned T5-O and sits within a Transit-Oriented Development site, less than half a mile from SW 7th Street. With the additional flexibility provided by Florida’s SB 102 Live Local Act, a 20-unit multifamily project may be achievable. Buyers are responsible for completing their own due diligence regarding zoning, approvals, and what can be built at 638 SW 15th Ave, Miami FL 33135.
The home includes central air and heat pump reverse-cycle heating, offering year-round comfort in Miami-Dade County. Enjoy an unbeatable lifestyle close to Ball & Chain, Calle Ocho’s restaurants, music, nightlife, and cultural attractions. Miami also offers warm weather, beautiful beaches, excellent dining, major highways, public transportation, and convenient access to downtown, Brickell, and Miami International Airport.
For additional information or to discuss this investment opportunity, call or text +1 786.468.4380. Tel/WhatsApp.