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