Address1567 Nw 1St St, Miami, FL, 33125-5504

Price$4,500,000

  • Commercial Sale

    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.

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    Essential Information

    • MLS® #A11528524
    • Price$4,500,000
    • Bathrooms0.00
    • Acres0.00
    • TypeCommercial Sale
    • Sub-TypeMulti Family
    • StatusActive

    Community Information

    • Address1567 Nw 1St St
    • Area41
    • CityMiami
    • CountyMiami-Dade County
    • StateFL
    • Zip Code33125-5504

    Additional Information

    • Date ListedFebruary 6th, 2024
    • Days on Website106

    Listing Details

    Office

    Fausto Commercial Realty Consultants Inc

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