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.

Address Map
State:
FL
County:
Miami-Dade
City:
Miami
Zipcode:
33135
Street:
1254 Sw 2nd St, Miami, Florida 33135
Longitude:
W81° 47' 3.6''
Latitude:
N25° 46' 16.8''
MLS Addon
Building Area:
10,769 Sqft
Cumulative DOM:
138
DOM:
187
Internet Address Display:
1
Internet Listing Display:
1
Parcel Number:
01-41-02-006-1990
Structure Type:
Apartment, Multi Family
Tax Annual Amount:
$10,515
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Commercial Sale For Sale

1254 Sw 2nd St, Miami, Florida 33135, Miami, Florida 33135

7,500 Sqft
$6,999,999
MLS # #A11876594
Basic Details
Property Type :
Commercial Sale
Listing Type :
For Sale
Price :
$6,999,999
Lot Area :
7,500 Sqft
MLS # :
A11876594
Property Sub Type :
Multi Family
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