Price Reduced 10.81%

$1,650,000

Est. Mortgage $8,561/mo *

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Price History

$1,850,000
1/26/2024

$1,650,000
8/13/2024

1254 SW 2nd St, Miami, FL, 33135

1254 SW 2nd St, Miami, FL, 33135
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A very uniquely designed “shovel-ready” land development opportunity in Little Havana to build a 21-unit multifamily building is now available. This site can be operated in a traditional sense under City of Miami double density workforce program as apartments; 3 units 30% AMI, 2 units at 50% AMI, and 16 units at 140% AMI (average median income). It has a 100% parking exemption which reduces cost of construction to developers comparing alternate site in the area. 20 Units are oversized Studios (easily converted to 1 bedroom, 400-460 SF), and 1 one bedroom (500 SF). An alternative strategy, by paying deferred impact fees, motel/lodging use operators can get licensure to operate this for short-term rental.

Status:

Active

Type:

Lot / Acreage

Zoning:

T5-L

Subdivision:

LAWRENCE ESTATES LAND COS

Acreage:

0.16

Est. Taxes:

$10,468

Utilities

Cable Available,Electricity Available,Natural Gas Available,Water Available

Lot Description:

<1 Acre,Irregular Lot

Days on Market:

248

MLS #:

A11527894

Community Info

School Info

Walk Score

Yelp

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Listing courtesy of Fausto Commercial Realty Consultants Inc Phone: 305-431-2258