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1254 SW 2nd St Miami FL 33135 MLS #A11876594

1254 SW 2nd St
Miami, FL, 33135
$6,999,999
Beds
0 Bathrooms
0 SqFt
0 Acres
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$6,999,999
1254 SW 2nd St
Miami, FL, 33135
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Project Description

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.

Property Details

Price:
$6,999,999
MLS #:
A11876594
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Income/MultiFamily
Listed Date:
Aug 7, 2025
Total Sq Ft:
10,769
Apartments,residential-multi-family

Schools

Interior

Exterior

Financial

Taxes
$10,515

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Annual Profitability of:
1254 SW 2nd St
Miami, FL