Basics
- Category: CommercialSale
- Type: Multifamily
- Status: Active
- Bathrooms: 0
- Lot size: 7500, 7500 sq ft
- County: Miami-Dade
- MLS ID: A11876594
Description
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Description:
LAWRENCE ESTATE LAND COS SUB PB 2-46 LOT 7 BLK 81 LOT SIZE 7500 SQ FT M/L 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.
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Building Details
- Structure Type: Apartment,MultiFamily
- Covered Spaces: 0
Expenses, Fees & Taxes
- Tax Annual Amount: $10,515
Miscellaneous
- List Office Name: Fausto Commercial Realty Consultants Inc
Ask our real estate expert about this property
This Multifamily-type commercial real estate is located in FL, Miami was built in , and is listed at $6,999,999.