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.

Address Map
FL
Miami-Dade County
Miami
33125
1567 NW 1st St
E0° 0' 0''
N0° 0' 0''
MLS Addon
7,737 Sqft
68
68
1
1
01-41-02-005-8790
: Hotelmotel, Apartment
$9,116
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Commercialsale For Sale

1567 NW 1st St, Miami, Florida 33125

5,000 Sqft
$4,500,000
MLS # #A11528524
Basic Details
Property Type : Commercialsale
Listing Type : For Sale
Price : $4,500,000
Lot Area : 5,000 Sqft
MLS # : A11528524
Property Sub Type : Multifamily
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