$ 4,500,000
1567 NW 1st St Miami, FL 33125
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$ 4,500,000
Est. payment | /mo
7,737 SqFt
$ 4,500,000
Est. payment | /mo
7,737 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Pending
Purchase Type For Sale
Square Footage 7,737 sqft
Price per Sqft $581
MLS Listing ID A11528524
HOA Y/N No
Annual Tax Amount $9,116
Contingent Other
Lot Size 5,000 Sqft
Property Description
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
State FL
County Miami-dade
Area 41
Others
Tax ID 01-41-02-005-8790
Listed by Fausto Commercial Realty Consultants Inc
Miami & South Florida Market Expert, Property Manager, Trusted Professional REALTOR®, Zillow Premier Agent & Real Estate Professional