1254 SW 2nd St, Miami, 33135

  • $1,650,000

Buy

Miami

Quick Details

MLS #: A11527894
  • 7125
  • Lot sqft

Description

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.

  • Address 1254 SW 2nd St
  • City Miami
  • State/county Florida
  • Zip/Postal Code 33135
  • Area Miami-dade County

Details

  • MLS #: A11527894
  • Price: $1,650,000
  • Land Area: 7125 sqft
  • Property Status: Buy
Listed by Mauricio Villasuso · Fausto Commercial Realty Consultants Inc - Updated on August 14, 2024 at 2:05 pm

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For more information about this for Buy currently listed for $1650000 located in 1254 SW 2nd St Miami, Florida 33135 please call our real estate office at 1-(305) 728-0840

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