Edgewater 12-Unit Income with 36-Story Development Potential

Edgewater 12 Unit Multi Deal on T6-36-O land. 236 NE 28th Street presents a rare opportunity to acquire a beautiful vintage ‘20s income-producing 12-unit multifamily property with T6-36-O zoning, allowing for future vertical development up to 36 stories. Situated on a 5,550 SF lot, this property sits in a prime urban core location near Wynwood, Midtown, and the Design District, ideal for both short- and long-term investment strategies. With current rents delivering over $136,000 in net income and a proforma of $246,136, investors can enjoy solid cash flow while land banking for future development.