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1567 NW 1st St, Miami FL 33125

Commercial Active With Contract
$4,500,000

BTC: 49.99998333

ETH: 1,419.46432571

283 days
0 room(s)
Est. Estimated sales range: $0 - $0
$0

Overview

Coming live and fully operational this February 2024 is this amazing 14 unit multifamily building in Little Havana. This site can be operated in a traditional sense under City of Miami double density workforce program as apartments; 1 units 30% AMI, 2 units at 50% AMI, and 12 units at 140% AMI (average median income). 13 Units are oversized Studios (easily converted to 1 bedrooms, 440-460 SF), and 1 one bedroom (550 SF). Alternative, by paying deferred impact fees, motel/lodging use operators can get licensure to operate this for short-term rental. With close proximity to Calle Ocho and Brickell fine dining, chic shops, sidewalk cafes and picturesque parks, are a brisk walk away for residents who will be immersed in the vibrant culture of the area.

Location

Florida • Miami • 33125 • Commercial • Active With Contract

Facts and features

Type:
Commercial Sale
Parking:
No Data
Year Built:
No Data
Lot:
5000 Square Feet
Heating:
No Data
Price/sqft:
No Data
Cooling:
No Data
HOA:
No Data
All facts and features

  • Lot

    • Lot: 5000 Square Feet

    Other Property Information

    • Parcel Number: 01-41-02-005-8790

    • Zoning: T5-L

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Income/MultiFamily

  • Other financial information

    • Annual tax amount: $9,116

  • Source details

    • MLS ID: A11528524

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Fausto Commercial Realty Consultants Inc