Listed by Fausto Commercial Realty Consultants
$7,500,000
34 UNIT - MULTIFAMILY/MOTEL - LIVE LOCAL OPPORTUNITY SITE
Details
APN 01-41-06-019-0010
Property Type Land
Sub Type Commercial
Square Footage 38,676
Units 34
Cap Rate 6.31%
NOI $473,535
Occupancy 97%
Price per SqFt $194
Class C
Buildings 5
Stories 1
Acreage 0.890
Zoning T5-L
Land | 0.89 acres
Marketing description
Hotel & Apartment Assemblage Covered Land Play w/ Excellent Redevelopment Potential, in Flagami. Flagami is a central Miami working & bedroom & community that has great connectivity to surrounding neighborhoods such as Coral Gables, Little Havana, Fountainbleu & more; as well as populated by an endless list of thriving businesses and in proximity to major economic engines such as the airport and the soon-to-be-delivered 56 acre Mega Development Freedom Park. This is an ideal location for housing Miami’s active middle workforce, & residents will be motivated to live in this centric and thriving neighborhood . Site features a 16 unit Hotel building, a triplex, & three 5 unit building, all situated on 38,676 SF lot zoned T5-L w/parking is prime for developers as a covered-land opportunity.
Investment highlights
Live-Local Eligible Site - SB102
Max allowed 887 Units
Potential is Solidly at 400 Units or $18,750/Door
Listing Contacts
Listed by Fausto Commercial Realty Consultants
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$473,535.00
$39,461.25/mo
Valuation Metrics
0
DSCR
6.31%
Cap Rate
6.31%
ROI
Map
Zoning
T5-L MixedMixed UseUrban Center Transect Limited
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View all 49 uses
View all 49 uses Last updated May 25, 2026 For deeper zoning details, reports are available at Zoneomics
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