1567 NW 1st St - Apartments FOR SALE


Miami, FL 33125- Little Havana
$4,500,000 USD
305-340-8901
1567 NW 1st St, Miami, FL for Sale
$4,500,000 USD
Apartments - FOR SALE
1/50
null | Request Cap Rate

1567 NW 1st St
Miami, FL 33125
Little Havana


HIGHLIGHTS

  • Motel/lodging use operators can get licensure to operate this for short-term
  • 100% Parking exemption, so no parking on site

OVERVIEW

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. The area's several iconic spots include the Calle Echo, home to the Ball & Chain, and Downtown Miami. Since its inception in the late 1800's, Little Havana has been home to tycoons, adventurers, artists, writers and musicians alike with an A-list roster of residents. Come invest in the prosperous neighborhood that is surging in economic heart of the city.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$582 USD /SF

# OF UNITS

14

PRICE/UNIT

$321,429

CAP RATE

Request Cap Rate

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

URBAN MIAMI 1567 Building

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2024

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,045 SF

ZONING

T5-L

APN/PARCEL ID

01-4102-005-8790

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 Policy.