Property description of Income/MultiFamily - Tatums Colored Town Addn

Huge opportunity to own real estate in south florida's fastest-growing area. We have 2 commercial mixed use lots in homestead, totaling an expansive 8,000 sq. Ft. Located in an opportunity zone, offering significant tax benefits for real estate developers. Benefits can include temporary deferral of capital gains taxes, a step-up in basis, & even permanent exclusion of taxable income on new gains for investments held for at least 10 years. The lots may qualify for an increase in density under live local act(law designed to increase the supply of affordable housing by providing developers with tax incentives). Lastly, the lots are in a tod. Transit-oriented development is a type of community design that focuses on creating walkable, mixed-use neighborhoods centered around public transit hubs.

Property Features