Fausto Commercial Realty Consultants Inc
Fausto Commercial Realty Consultants Inc
Listed by Fausto Commercial Realty Consultants Inc, Fausto Commercial Realty Consultants
$6,999,999
1254 SW 2nd St
Details
APN 01-41-02-006-1990
Property Type Multifamily
Sub Type Apartment Building, Apartment/Condo
Square Footage 10,769
Lot Size (SqFt) 7,500
Zoning T5-L
Multifamily
Marketing 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.
Listing Contacts
Fausto Commercial Realty Consultants Inc
Fausto Commercial Realty Consultants Inc
Listed by Fausto Commercial Realty Consultants Inc, Fausto Commercial Realty Consultants
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