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1567 NW 1st St Miami FL 33125 MLS #A11528524

1567 NW 1st St
Miami, FL, 33125
$4,500,000
Beds
0 Bathrooms
0 SqFt
0 Acres
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$4,500,000
1567 NW 1st St
Miami, FL, 33125
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Project Description

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.

Property Details

Price:
$4,500,000
MLS #:
A11528524
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Income/MultiFamily
Listed Date:
Jan 30, 2024
Total Sq Ft:
7,737
Apartments,hotel/motel

Schools

Interior

Exterior

Financial

Taxes
$9,116

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Quick Information

Profitability of the Property

Net Monthly Income:
Annual Profitability of:
1567 NW 1st St
Miami, FL