Earn income while waiting to develop. Existing single single family home 4 blocks to the beach and boardwalk on miami beach. Home has 4 bedrooms, 3 baths with a separate outside entrance to 4th bedroom lockout. Could be used as a guest quarters. Private parking for 1 or 2 vehicles. Nice backyard. Fix up the house to get more rent, or knock it down and build a multifamily building. Build up to 12 units and four stories. Preliminary schematic designs already made for 12 one-bedroom units on 3 stories. Could go up more. Perfect for a long term hold with a new development to take advantage of an area with mostly older product available. High demand location in miami beach (north beach) with very low vacancy, always offers to rent. Currently rented. Do not disturb tenants.