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268 NW 11th St
Miami, FL 33136 Overtown

$8,000,000 USD

Apartments For Sale  •  45,703 SF

Property Details

• Property Type Apartments
• Total Building Size 90,043 SF
• Lot Size 1.38 AC
• Building Class C
• Year Built 1956
• Zoning T6-8-L

94 Transit Score

87 Walk Score

Highlights

29 Years 11 Months Remaining On Land Lease - $16,000 Annual Ground Rent

Buildings Not Included (Improvements Revert To Land Lease Owner At End Of Lease)

Capital Preservation With Built In Reversionary Upside - Expenses Covered Land Banking Opportunity

60,000 SF Land Parcel In Booming Area Of Infill Development

Passive Land Investment With Defined Future Value Release

Amenities

• 24 Hour Access
• Property Manager on Site
• Heating
• Kitchen
• Oven
• Range
• Tub/Shower
• Elevator
• Public Transportation
• Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
Historic Overtown/Lyric Theatre (Metrorail Green Line - Miami-Dade Transit (Metrorail/Metromover))	2 min	8 min	0.4 mi
	2 min	10 min	0.5 mi
Transit/Subway	Drive	Walk	Distance
Historic Overtown/Lyric Theatre (Metrorail Green Line - Miami-Dade Transit (Metrorail/Metromover))	2 min	8 min	0.4 mi
Culmer (Metrorail Green Line - Miami-Dade Transit (Metrorail/Metromover))	1 min	10 min	0.5 mi
Eleventh Street (Metromover Omni Loop - Miami-Dade Transit (Metrorail/Metromover))	3 min	10 min	0.5 mi
Arena/State Plaza (Metromover Brickell Loop - Miami-Dade Transit (Metrorail/Metromover), Metromover Downtown Loop - Miami-Dade Transit (Metrorail/Metromover), Metromover Omni Loop - Miami-Dade Transit (Metrorail/Metromover))	2 min	12 min	0.6 mi
School Board (Metromover Omni Loop - Miami-Dade Transit (Metrorail/Metromover))	2 min	14 min	0.7 mi
Airport	Drive	Walk	Distance
Miami International	23 min	-	11.0 mi
Fort Lauderdale/Hollywood International	33 min	-	22.9 mi