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.
- 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''
- 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
- Virtual Tour:
- Click Here
Commercial Sale For Sale
1254 Sw 2nd St, Miami, Florida 33135, Miami, Florida 33135
- Property Type :
- Commercial Sale
- Listing Type :
- For Sale
- Price :
- $6,999,999
- Lot Area :
- 7,500 Sqft
- MLS # :
- A11876594
- Property Sub Type :
- Multi Family
