2515 NE 182nd StreetNorth Miami Beach, FL 33160Price: $680,000

Leased and producing: about $5,000 a month, roughly $60,000 a year gross, month to month, tenants in place. The expensive systems are done. New impact windows throughout, new electrical panel, PVC supply plumbing and an owned solar system. The roof is at the end of its service life and needs replacement; the price reflects that. A legal single-family home with an unusually flexible plan: interconnected living areas that close off behind interior doors, three kitchen and prep stations including a main kitchen plus separate kosher and utility sinks, and more than one entrance. Hold it leased, occupy part and rent the balance, or open it up as one house. Then the land. 6,250 SF zoned 3050 UC-Edge Residential in Miami-Dade's Ojus Urban Area District, where the R/Edge category allows up to 18 dwelling units per net acre at two stories. On this 0.14-acre parcel that math supports roughly two units before setback, parking and platting review. The county already puts $312,500 of market value in the land alone, 69 percent of the total, and Ojus is densifying around it. Carry the income, pursue entitlements, then build. Buyer to verify all development rights with Miami-Dade RER. About 1.5 miles to Aventura Mall, the Brightline Aventura station and Biscayne Boulevard shopping and dining. Unincorporated Miami-Dade: no city tax, no association. Sold as-is, tenant occupied, 24-hour notice. Flood Zone AE/X. PACE assessment on the tax bill; see Broker Remarks.