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In-PersonVirtual Tour
$ 6,999,999
Est. payment | /mo
10,769 SqFt
$ 6,999,999
Est. payment | /mo
10,769 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 10,769 sqft
Price per Sqft $650
MLS Listing ID A11876594
HOA Y/N No
Annual Tax Amount $10,515
Lot Size 7,500 Sqft
Property Sub-Type Multi Family
Property Description
A very uniquely designed development being completed and set to be delivered with certificate of occupancy by January 2026 in Little Havana, this is a 21-unit multifamily bldg 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 reduced cost of construction to developers comparing alternate site in the area, and thereby keeps rents affordable to local residents. 20 Units are oversized Studios (easily converted to 1 bedroom, 400-460 SF), and 1 one bedroom (500 SF). An alternative strategy, motel/lodging use operators can get licensure to operate a combination of units for short-term rental.
Location
State FL
County Miami-dade
Area 41
Exterior
Private Pool Yes
Others
Tax ID 01-41-02-006-1990
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11876594
Listed by Fausto Commercial Realty Consultants Inc