Commercial Real Estate

Basics

Description

  • 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.

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Property details

  • Total Building Area: 7737
  • Lot Size Square Feet: 5000
  • Parcel Number: 01-41-02-005-8790
  • Lot Size Area: 5000
  • Structure Type: Apartment,Hotel/Motel

Property Features

  • Covered Spaces: 0

Location Details

  • County Or Parish: Miami-Dade County
  • Zoning Description: T5-L

Fees & Taxes

  • Tax Annual Amount: 9116
  • Tax Legal Description: LAWRENCE ESTATE LAND COS SUB PB 2-46 S100FT LOT 12 BLK 57 LOT SIZE 50.000 X 100 COC 23497-1067 06 2005 5

Miscellaneous

  • Public Survey Township: 1
  • Public Survey Section: 2
  • Syndication Remarks: Visit Fausto Commercial for more investment opportunities.

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This -type commercial real estate is located in 1st St, Miami, was built in , and is listed at $4,500,000.

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