1567 Nw 1st St, Miami, FL

$4,500,000

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About 1567 Nw 1st St

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.

Features of 1567 Nw 1st St

MLS® # A11528524
Price $4,500,000
Bathrooms 0.00
Acres 0.00
Type Commercial
Sub-Type Multi Family
Status Active

Community Information

Address 1567 Nw 1st St
Area 41
City Miami
County Miami-Dade
State FL
Zip Code 33125-5504
HOPA No Hopa

Amenities

Is Waterfront No
Has Pool No

Interior

Fireplace No

Listing Details

OfficeFausto Commercial Realty Consultants Inc

Listing Map

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