1254 SW 2nd Street, Miami, FL 33135

Listing Snapshot

Price

$6,999,999

Days on Site

301 Days

Bedrooms

0

Total Baths

0

Total Sq Ft

10,769 sqft

Lot Size

0.17 Acres

Property Type

Commercial

MLS #

A11876594

Property Tax

$10,515

County

Miami Dade

Status

Active

About This Property

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 bldg 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. See attachments for Floor Plans and more

General Features

Property Type

Commercial

Status

Active

Lot Size (Acres)

0.17

Total Sq Ft

10,769

Zoning

T5-L

Community & HOA

MLS Area

2410