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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
W81° 46' 44.1''
N25° 46' 28.3''
MLS Addon
1
Sale
$9,116
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T5-L
0
06/02/2024 18:57:03

1567 NW 1st St, Miami, Florida 33125

$4,500,000
5,000 size sq.ft.
Listing ID #A11528524
Basic Details
Property Type Commercial Sale
Listing Type For Sale
Listing ID A11528524
Price $4,500,000
Days on Market 11
Building Area 7,737
Status Active
Property SubType Income/multifamily
Lot Area 5,000 Sqft
List Date 2024-02-07
On Market Date 30/01/2024
Elena Beck
MiamiInvestrealty
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