SHERRY PARK, Residential Incomes – 460 NORTH EAST 82ND TER, Miami -001-11-30T00:00:00-05:00
The Junction @ Little River is a true covered land play producing significant revenue of over $850,000 annually with below market rents and tremendous development upside. The assemblage encompasses 59 multifamily units with a 100% occupancy rate. The Junctio

460 NORTH EAST 82ND TER, Miami

$14,900,000 USD
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Address460 NORTH EAST 82ND TER, Miami
Building NameSHERRY PARK
Type of PropertyQuadruplex
Property StyleQuadruplex
Price$14,900,000
Previous Price$16,500,000 (5 days ago)
Property StatusActive
MLS NumberA11019620
Year Built1950
Parking Space Number300
Folio Number01-32-07-054-0120
Zoning InformationT6-8-O
Days on Market127

Detailed Description: The Junction @ Little River is a true covered land play producing significant revenue of over $850,000 annually with below market rents and tremendous development upside. The assemblage encompasses 59 multifamily units with a 100% occupancy rate. The Junction @ Little River is positioned less than 100 ft from the planned Brightline station, offering residents high speed transportation access to all surrounding major neighborhoods. This proximity affords the site with official TOD designation. Junction at Little River is entitled for 310 units and 8 stories, with TOD designation granting an additional 4 stories and 78 residential units and 112,640 sq.ft, with up to 380 fewer parking spaces than would be required outside of a TOD. Grand total of 12 stories and 388 units.

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Address Information
StateFlorida
CityMiami
CountyMiami-Dade County
Zip Code33138
Address460 NORTH EAST 82ND TER
Section1
Zip Code (4 Digits)4081
Financial Information
Price$14,900,000
Price per Foot$0
Previous Price$16,500,000
Folio Number01-32-07-054-0120
Tax Amount$11,979
Tax Year2020
Possession InformationOther
Full Descriptions
Detailed DescriptionThe Junction @ Little River is a true covered land play producing significant revenue of over $850,000 annually with below market rents and tremendous development upside. The assemblage encompasses 59 multifamily units with a 100% occupancy rate. The Junction @ Little River is positioned less than 100 ft from the planned Brightline station, offering residents high speed transportation access to all surrounding major neighborhoods. This proximity affords the site with official TOD designation. Junction at Little River is entitled for 310 units and 8 stories, with TOD designation granting an additional 4 stories and 78 residential units and 112,640 sq.ft, with up to 380 fewer parking spaces than would be required outside of a TOD. Grand total of 12 stories and 388 units.
Roof DescriptionOther
Floor DescriptionOther
Cooling DescriptionOther
Heating DescriptionOther
Water DescriptionOther
Sewer DescriptionOther
Property parameters
Zoning InformationT6-8-O
Year Built1950
Type of PropertyQuadruplex
StyleQuadruplex
Building NameSHERRY PARK
Development NameSHERRY PARK
Construction TypeOther
Stories Number4.000
Street DirectionNorth East
Parking Space Number300
Listed withKarson & CO
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