1254 SW 2nd St - Apartments FOR SALE


Miami, FL 33135- Little Havana
$6,999,999 USD
305-340-8901
1254 SW 2nd St, Miami, FL for Sale
$6,999,999 USD
Apartments - FOR SALE
1/30
null | Request Cap Rate

1254 SW 2nd St
Miami, FL 33135
Little Havana


HIGHLIGHTS

  • Amazing new construction in Little Havana: individual water meters, washer/dryers in each unit

OVERVIEW

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 building 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. 12 Avenue is a commercial artery that offers accessibility and connectivity to Brickell, Downtown, the Health District, 836 HWY to Miami Beach and with this comes fine dining, chic shops, sidewalk cafes and picturesque parks, all are a brisk walk or drive away for residents who will be immersed in the vibrant culture of the area. Since its inception in the late 1800's, Little Havana has been home to tycoons, adventurers, artists, writers, and investors have taken notice that this is the heart of the city. Inflation proof assets like multifamily are scarce, in times of economic uncertainty, real estate is the most secure way to guarantee your financial future.

FOR SALE DETAILS

PRICE

$6,999,999 USD

PRICE/SF

$538 USD /SF

# OF UNITS

21

PRICE/UNIT

$333,333

CAP RATE

Request Cap Rate

% LEASED

0%

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Havana Flats

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2026

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,484 SF

ZONING

T5-L

APN/PARCEL ID

01-4102-006-1990

ASK ABOUT THIS PROPERTY

Mauricio VillasusoFausto Commercial Realty ConsultantsMore Info
305-340-8901

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Mauricio VillasusoFausto Commercial Realty ConsultantsMore Info
305-340-8901

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.