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 ...


Property

Website:https://www.nestseekers.com/5661212
Address:
Miami, FL 33135
Ownership: For Sale
Type: Multi-Family
Lot Size: 0.2 Acres

Financials

Price:$6,999,999
Annual Taxes:$10,515

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

Contact

Deborah L. Ginsburg
150 Worth Ave, Palm Beach, FL 33480
Listing Courtesy of Fausto Commercial Realty Consultants Inc

Miami FL 33135 USA