1567 NW 1st St Pending

Miami,FL 33125

$ 4500000

- Bed

0 Bath

7737 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 Sub-Type Multi Family

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

Exterior

Private Pool Yes

Others

Tax ID 01-41-02-005-8790

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