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Gelfand Realty Miami Properties for Sale - Income/MultiFamily for Sale

1567 NW 1ST ST, MIAMI, FL 33125

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Income/MultiFamily - for Sale

1567 NW 1ST ST, MIAMI, FL 33125

Asking Price$4,500,000

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  • Days on market:

    68 day(s)

  • Original Price:

    $4,500,000

  • Tax Legal Description:

    LAWRENCE ESTATE LAND COS SUB PB 2-46 S100FT LOT 12 BLK 57 LOT SIZE 50.000 X 100 COC 23497-1067 06 2005 5

  • Property Type:

    Income/MultiFamily

  • Special Listing Conditions:

    Sale

Description

$4,500,000

Coming live and fully operational this february 2024 is this amazing 14 unit multifamily building in little havana. this site can be operated in a traditional sense under city of miami double density workforce program as apartments; 1 units 30% ami, 2 units at 50% ami, and 12 units at 140% ami (average median income). 13 units are oversized studios (easily converted to 1 bedrooms, 440-460 sf), and 1 one bedroom (550 sf). alternative, by paying deferred impact fees, motel/lodging use operators can get licensure to operate this for short-term rental. with close proximity to calle ocho and brickell fine dining, chic shops, sidewalk cafes and picturesque parks, are a brisk walk away for residents who will be immersed in the vibrant culture of the area.

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