A very uniquely designed “shovel-ready” land development opportunity in Little Havana to build a 21-unit multifamily building is 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 reduces cost of construction to developers comparing alternate site in the area. 20 Units are oversized Studios (easily converted to 1 bedroom, 400-460 SF), and 1 one bedroom (500 SF). An alternative strategy, by paying deferred impact fees, motel/lodging use operators can get licensure to operate this for short-term rental.
Property Details
Price:
$1,650,000
MLS #:
A11527894
Status:
Active
Beds:
0
Baths:
0
Address:
1254 SW 2nd St
Type:
Single Family
Subdivision:
LAWRENCE ESTATES LAND COS
Neighborhood:
Lawrence Estates Land Cos
City:
Miami
Listed Date:
Jan 26, 2024
State:
FL
ZIP:
33135
Lot Size:
7,125 sqft / 0.16 acres (approx)
See this Listing
CENTURY 21 Carioti is a full service real estate company servicing the State of Florida with a headquarters in Orlando, FL.
More About CENTURYMortgage Calculator
Schools
Interior
Exterior
Financial
Tax Year
2023
Taxes
$10,468
Map
Community
- Address1254 SW 2nd St Miami FL
- SubdivisionLAWRENCE ESTATES LAND COS
- CityMiami
- CountyMiami-Dade County
- Zip Code33135
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