Opportunity to purchase a prime hard corner development site in Little River, Miami’s hottest emerging market. Little River is seeing a rapid transformation, with an influx of bullish investors predicting a Wynwood like transformation. The property is in direct proximity to the Little River business district. There are at least three major development projects planned within two blocks of the subject property. Two of the sites are on the same street with a combined 357 residential units planed. On one site, directly to the west, the developers plan to build 320,000 SF of class A commercial space. The property also has about $66,500 in gross rental income, with ability to increase rents, offering a developer cash to cover costs while waiting to break ground.
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NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
2
/10
Jesse J. McCrary, Jr. Elementary School
514 NW 77th St
Distance between this listing and this school0.79 miles
Public District Grades PK-5
Middle School
3
/10
Horace Mann Middle School
8950 NW 2nd Ave
Distance between this listing and this school1.08 miles
Public Magnet Grades 6-8
High School
3
/10
Miami Edison Senior High School
6161 NW 5th Ct
Distance between this listing and this school1.10 miles
Public Magnet Grades 9-12
Assigned Schools
2
/10
Jesse J. McCrary, Jr. Elementary School
514 NW 77th St
Distance between this listing and this school0.79 miles
Public District Grades PK-5
Nearby Schools
6
/10
Morningside K-8 Academy
6620 NE 5th Ave
Distance between this listing and this school0.58 miles
Public Magnet Grades PK-5
5
/10
Edison Park K-8 Center
500 NW 67th St
Distance between this listing and this school0.92 miles
Public District Grades PK-5
Assigned Schools
3
/10
Horace Mann Middle School
8950 NW 2nd Ave
Distance between this listing and this school1.08 miles
Public Magnet Grades 6-8
Nearby Schools
2
/10
Allapattah Middle School
1331 NW 46th St
Distance between this listing and this school2.39 miles
Public District Grades 6-8
1
/10
Jose De Diego Middle School
3100 NW 5th Ave
Distance between this listing and this school2.68 miles
Public District Grades 6-8
Assigned Schools
3
/10
Miami Edison Senior High School
6161 NW 5th Ct
Distance between this listing and this school1.10 miles
Public Magnet Grades 9-12
Nearby Schools
1
/10
Academy For Community Education (Ace)
8950 NW 2nd Ave
Distance between this listing and this school1.08 miles
Public District Grades 9-12
4
/10
Miami Northwestern Senior High School
1100 NW 71st St
Distance between this listing and this school1.36 miles
The neighbors living near this home have an average income of $13,793. The most common annual income of people living in Miami, FL is less than $35k. Typical family type is single, no kids. Most residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 7424 NE 2nd Ave
What is the listing price of this property?
The listing price of 7424 NE 2nd Ave property is $3,500,000.
What type of property is this?
The property 7424 NE 2nd Ave is land located in Miami, Florida, 33138.
Is this property for sale now?
Active Listing: 7424 NE 2nd Ave is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 7424 NE 2nd Ave are: Jesse J. McCrary, Jr. Elementary School: GreatSchools Rating 2/10Horace Mann Middle School: GreatSchools Rating 3/10Miami Edison Senior High School: GreatSchools Rating 3/10
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $9,558 (source: MLS/based on county public records data).
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This home is located at 7424 NE 2nd Ave in Miami, FL and zip code 33138 in the Buena Vista neighborhood. This home sits on a 0.58 acre lot. It has been listed on Rocket Homes since January 30, 2024 and is currently priced at $3,500,000.
While more than 62 listings in Miami, FL in October 2024 were sold above asking price, there were more than 129 listings sold at asking price, and more than 507 were sold below. In October 2024 in Miami, FL there were 8.3% more homes for sale than in September 2024. The median list price of listings available in October 2024 was $560,436, while the average time on the real estate market was 60 days.
From Rocket Homes Real Estate and based on county public records data.
© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
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