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Listing Number:
Description: INVESTORS: UPSIDE GALORE! Welcome to Saville Palms: substantially renovated multi-family compound with 8 apartments (3,796 SF leasable space) in 2 stand-alone buildings on a 7,200 SF lot with Miami 21 T5-L zoning, allowing for short-term rentals, hotel, live-work, food service, general commercial, and recreation. As a vacation/short-term rental, this property could generate $250K+ gross income with ~$175K+ NOI, for a cap-rate ~9%! Bonus: property comes with valuable Palm Grove Historic District TDR entitlements. All in a non-flood zone, steps from all the hip MiMo District restaurants and shops, just a few blocks from the upcoming multi-billion dollar Magic City Innovation District, and minutes to Design District, Mid-Town, Downtown and The Beaches. Opportunity awaits!

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