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Gelfand Realty Miami Properties for Sale - Income/MultiFamily for Sale

1254 SW 2ND ST, MIAMI, FL 33135

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Income/MultiFamily - for Sale

1254 SW 2ND ST, MIAMI, FL 33135

Asking Price$6,999,999

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  • Days on market:

    35 day(s)

  • Original Price:

    $6,999,999

  • Tax Legal Description:

    LAWRENCE ESTATE LAND COS SUB PB 2-46 LOT 7 BLK 81 LOT SIZE 7500 SQ FT M/L

  • Property Type:

    Income/MultiFamily

  • Special Listing Conditions:

    Sale

Description

$6,999,999

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.

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