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Income/MultiFamily - for Sale

1302 NW 1ST PL, MIAMI, FL 33136

Asking Price$950,000

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  • Lot size 4750sqft
  • Taxes $8,476
  • Year Built 1961
  • Days on market:

    208 day(s)
  • Original Price:

    $950,000
  • Tax Legal Description:

    ALICE BALDWIN ET AL SUB PB B-87 & PB 6-43 LOT 8 LESS E5FT BLK 7 LOT SIZE 50.000 X 95 OR 20834-1620 11 2002 6 COC 24388-4107 03 2006 5
  • Property Type:

    Income/MultiFamily
  • Parking:

    Common
  • Inclusions:

    Building & Land
  • Special Listing Conditions:

    Sale

Description

$950,000

Unique opportunity to acquire a strategically placed small multifamily situated in downtown miami and close to miami worldcenter, i-395/state road 836 and new signature bridge/underdeck project. gross building of +/- 2,928 sf in 4,750 sf lot size. fourplex, 2/1 layout, 2 stories building, currently vacant. need some repairs. comp rents can be $1,600/mo. to $1,900/mo. lot is in an opportunity zone area. favorable t6-8-l zoning designation. automatic upzone due to overtown cra allows to increase the height of development up to 20 floors and double the density. it must include a qualifying affordable housing component. 2 minutes to miami central; 8 minutes to miami intl. airport; 4 minutes to the port of miami; 10 minutes to south beach.

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