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2560 NW 20th St, Miami, FL 33142
$3,500,000
2560 NW 20th St, Miami, FL 33142View this property at 2560 NW 20th St, Miami, FL 33142
2560 NW 20th StMiamiFL33142
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Property Description
The development potential of the property is supported by the city's "Miami 21" zoning code and the state's "Live Local Act." Under the current zoning provisions of Miami 21, the property is eligible for significant development, capable of supporting up to 75 residential units or 150 lodging units. This development can span a floor area of approximately 88,000 square feet, with building heights reaching up to eight stories. Under the "Live Local Act," the property's development capacity could be increased if specific conditions are met: if a rental multifamily project dedicates 40% of its units to workforce or affordable housing, and if a mixed-use project is proposed with at least 65% of the floor area designated as residential, the site could support up a height of 12 stories.
Full Property Details
Full Property Details for 2560 NW 20th St
General
- Price: $3,500,000
- Taxes: $42,358
- Status: Active
- Type: Commercial Multi-Family
- MLS ID: A11587767
- Updated: 5/14/2024
- Added to Site: 21 day(s) ago
Business
- Business Type: Apartments, Residential-Multi-Family
Location
- County: Miami-Dade County
Structural Information
- Detached/Attached: Detached
- Year Built: 1971
Lot Features
- Lot Size (Sq. Ft.): 22,000
- Zoning: 6100
Financial Considerations
- Tax Amount: $42,358
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
- Special Conditions: Sale
- Legal Description: RIVER PARK PB 7-128 LOTS 26 THRU 29 LESS N10FT OR 20406-0715-0716 0502 1
- Property ID: 01-31-34-034-0220
Listed by Luxe Properties
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Schools
Schools serving 2560 NW 20th St
School District:Miami-Dade County School District
Rating | Name | Grades | Distance |
---|---|---|---|
2420 Nw 18th Ave, Miami, FL 33142 | PK-5 | 0.8 mi | |
12829 Sw 272nd St, Homestead, FL 33032 | PK-8 | 21.7 mi | |
4899 Nw 24th Ave, Miami, FL 33142 | 6-8 | 1.7 mi | |
1751 Nw 36th St, Miami, FL 33142 | 9-12 | 1.3 mi | |
Robert Morgan Educational Center and Technical College
18180 Sw 122 Avenue, Miami, FL 33177 | 9-12 | 16.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2560 NW 20th St
Date
Details
Price
Change
Source
5/08/2024
Listed
$3,500,000
84.21%
MLS
10/21/2019
Sold
$1,900,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 2560 NW 20th St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$42,358
22%
$2,541,679
56%
2021
$34,604
1%
$1,628,700
-2%
2022
$34,259
-1%
$1,661,829
2%
2021
$34,604
44%
$1,634,080
86%
2019
$24,107
8%
$879,327
10%
2018
$22,347
25%
$799,389
-26%
2017
$17,917
24%
$1,087,305
65%
2016
$14,419
—
$660,653
2%
2015
$14,405
-1%
$647,863
1%
2014
$14,555
-1%
$641,810
-1%
2013
$14,650
—
$646,766
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 2560 NW 20th St
2560 NW 20th St, Miami, FL 33142 (MLS# A11587767) is a Commercial Multi-Family property. 2560 NW 20th St is currently listed for $3,500,000 and was received on May 08, 2024. Want to learn more about 2560 NW 20th St? Do you have questions about finding other Commercial Multi-Family real estate for sale in Allapattah? You can browse all Allapattah real estate or contact a Coldwell Banker agent to request more information.