Investment Opportunity in South Miami Heights: Bank-Owned Property with High Reconstruction Potential
11952 SW 176th Ter, Miami, FL, 33177, US
Single FamilyStatus: active
$479,000
Estimated annual taxes: $6,000
3 Bedrooms
1 Bathrooms
1,824 ft² · 169 m²
— Garages
About this property
Attention investors and developers: this bank-owned property in South Miami Heights represents a strategic opportunity for those seeking a comprehensive renovation project in the Miami market. With a competitive price for the area, this single-family home offers a large canvas (1,824 ft²) on a spacious lot. Although the property requires immediate attention to the roof and regularization of potential municipal paperwork, its location near major thoroughfares and service centers makes it an ideal option for generating value through reconstruction. A key piece to add to an investment portfolio or to create a custom residence from scratch.
Technical details & MLS (USA)
Year built: 1960
Stories: 1
Lot size: 8,025 acres
Zoning: 0100 (Single Family Residence)
MLS area: 59
Special notes: SUBDIVISION SO MIAMI HEIGHTS MANOR
Environment
Nearby schools
- ElementaryMiami Heights
- MiddleRichmond Heights
Location on Google Maps
Open in MapsDetails & Features
Financial information
Annual taxes:$6,000
Additional features
-Property Condition: Requires significant repairs. Roof damage has been reported and potential code violations are pending. -Project Potential: With 1,824 square feet of construction on a lot of over 8,000 square feet, it offers a solid foundation for investors looking to rehab or completely rebuild. -Layout: Detached single-family home with the master bedroom on the ground floor. -Strategic Location: Located in South Miami Heights, with quick access to major roadways and proximity to a variety of local restaurants and services. -Construction: Original block structure characteristic of the area from the 1960s. -Opportunity for Developers: The 8,025 square foot lot size allows flexibility to redesign the outdoor space or expand the existing structure. -Utilities: Connected to the public water supply. -Zoning: 0100 (Single Family Residential). -Ease of Access: Property easy to show by coordinating via text message with the listing agent. -Equipment: Does not include appliances (None).