Build 153 units at $36,000/door land cost in Little Havana near NW 12th Ave & SW 1st Street, Miami, FL, minutes to UM Hospitals, Brickell/Downtown Miami, Gables, Grove, & MIA. City Zoning changes allow up to 12 stories with no set backs above the 8th floor. Build on this 29,000 SF assemblage fronting SW 1st Street and SW 2nd Street near NW 12th Ave. Plans call for an Apartment mix of 71 Live-Local units at 120% of AMI and balance of market rate units up to 153 units total. Waiver Approval as of 07/30/25 for 109 units now may be amended to 153 units. Covered Land Play receives $17,000/mo in rent currently. Renderings by MODIS Architects. $5.5 mm | $36,000/door land cost | $189/SF for the Land. Potential Seller Financing. See attached OM. Seller may be willing to hold for a longer closing depending upon negotiated terms. Seller willing entertain a Seller's Note at closing of 50% LTV with a full priced deal for up to 18 months. Terms to be negotiated but 1st position only and taken out with addition of any additional or construction financing. Assemblage of 4-lots fronts both SW 1st & 2nd Streets. Covered Land Play generating $17,000/month rents. See attached updated OM for more information.