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27367863
27367864

2200 NW 90th St, Miami, FL 33147

RP
FL 3613905
Fausto Commercial
Fausto Commercial Realty Consultants
Listed by Fausto Commercial, Fausto Commercial Realty Consultants
$1,490,000
241 days on market
Updated 36 days ago

Near-Approved 48-Unit Multifamily Development in Opp'y Zone

Details
APN 30-3103-023-0010
Property Type Land
Sub Type Commercial, Residential
Pro-Forma Cap Rate 44.26%
Pro-Forma NOI $659,489
Lot Size (SqFt) 10,786
Zoning UC-MC

Land | 10,786 SqFt

Marketing description

Now offered at $1,490,000 — a $300,000 price reduction creating immediate basis advantage. This meaningful repricing materially improves project feasibility, enhances yield, and positions the next buyer with instant equity on a fully approved, shovel-ready development.

Little 22 is a ±10,786 SF shovel-ready development site in West Little River, Miami — a rare opportunity for a builder to purchase today and start digging immediately. The property includes fully approved architectural plans for an 8-story, 48-unit multifamily building consisting of 36 one-bedroom units, 6 one-bedroom + den units, and 6 two-bedroom units, including 6 workforce set-asides, along with 34 parking spaces and 7 EV-ready stalls.

This is a true plug-and-play development, eliminating the biggest risks developers face:
• No permit approval headaches
• No entitlement uncertainty
• No resubmittals or county comment cycles
• No unforeseen delays that erode returns

With all approvals secured, the next owner steps directly into the construction phase, saving months of time, substantial soft costs, and carrying expenses.

Situated at the prominent corner of NW 22nd Avenue & NW 90th Street, the site benefits from strong visibility, transit connectivity, and proximity to major retailers, hospitals, schools, and employment centers. Located within a federally designated Opportunity Zone, Little 22 also offers significant capital-gains tax advantages, further strengthening long-term returns.

Seller financing is available, and the seller is open to creative and flexible terms, allowing buyers to preserve cash for construction, offset today’s interest-rate environment, and tailor the capital stack to their investment strategy.

With a dramatically improved basis, approvals in hand, tax advantages in place, and Miami’s rental demand at record highs, Little 22 represents a rare opportunity to acquire a ready-to-build multifamily project at a reset price.

Approved plans, financials, and full development package available upon request. Unit floor plans attached.

Investment highlights

Little 22 – Unit Mix

  • 36 Units → 1 Bedroom / 1 Bathroom

  • 6 Units → 1 Bedroom + Den / 1 Bathroom

  • 6 Units → 2 Bedroom / 2 Bathroom
    Total: 48 Units

Unit A: 868 SF

Unit B: 521 SF

Unit C: 529 SF

Unit D: 594 SF

Unit E: 402 SF

Unit F: 513 SF

Unit G: 437 SF

Unit J: 600 SF

See attached pro forma rent roll, NOI, Cap, and Valuation.

Listing Contacts

RP
FL 3613905
Fausto Commercial
Fausto Commercial Realty Consultants
Listed by Fausto Commercial, Fausto Commercial Realty Consultants

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Additional Information

Name
Robin Perez
License
3613905
Brokerage
Fausto Commercial
Brokerage Phone
7862615393
Title
Real Estate Broker
Brokerage Address
1761 West Flagler Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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