Property
| Ownership: | For Sale |
|---|---|
| Type: | Multi-Family |
| Lot Size: | 0.2 Acres |
Financials
Price:$6,999,999
Annual Taxes:$10,515
Listing Courtesy of Fausto Commercial Realty Consultants Inc
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 ...
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. See attachments for Floor Plans and more
Virtual Tour: https://www.propertypanorama.com/instaview/mia/A11876594
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
