1302 1st Pl ,Free Standing, Apartments for Sale

1302 1st Pl for Sale

Price $950,000.00

• Lot size 4750
• Year Build 1961
• Waterfront
• Zip 33136
• Style
• Parking Description Common
• Pool Yes
• Status Active

Description

Unique opportunity to acquire a strategically placed small multifamily situated in Downtown Miami and close to Miami WorldCenter, I-395/State Road 836 and New Signature Bridge/Underdeck Project. Gross building of +/- 2,928 SF in 4,750 SF lot size. Fourplex, 2/1 layout, 2 stories building, currently vacant. Need some repairs. Comp rents can be $1,600/mo. to $1,900/mo. Lot is in an Opportunity Zone Area. Favorable T6-8-L Zoning designation. Automatic upzone due to Overtown CRA allows to increase the height of development up to 20 floors and double the density. It must include a qualifying affordable housing component. 2 minutes to Miami Central; 8 minutes to Miami Intl. Airport; 4 minutes to the Port of Miami; 10 minutes to South Beach.

Covered land play. Opportunity site for redevelopment.

ALICE BALDWIN ET AL SUB PB B-87 & PB 6-43 LOT 8 LESS E5FT BLK 7 LOT SIZE 50.000 X 95 OR 20834-1620 11 2002 6 COC 24388-4107 03 2006 5

Unique opportunity to acquire a strategically placed small multifamily situated in Downtown Miami and close to Miami WorldCenter, I-395/State Road 836 and New Signature Bridge/Underdeck Project. Gross building of +/- 2,928 SF in 4,750 SF lot size. Fourplex, 2/1 layout, 2 stories building, currently vacant. Need some repairs. Comp rents can be $1,600/mo. to $1,900/mo. Lot is in an Opportunity Zone Area. Favorable T6-8-L Zoning designation. Automatic upzone due to Overtown CRA allows to increase the height of development up to 20 floors and double the density. It must include a qualifying affordable housing component. 2 minutes to Miami Central; 8 minutes to Miami Intl. Airport; 4 minutes to the Port of Miami; 10 minutes to South Beach.

City:Miami,Zoning:6106,List A O R:A-Miami Association of REALTORS,Stories:2,Latitude:25.787012,List Price:950000,Listing Id:A11462834,Longitude:-80.198188,Mls Status:Active,Ownership:Corporation,Year Built:1961,Inclusions:Building & Land,Postal Code:33136,Street Name:1st Pl,Coordinates:1:25.787012,Photos Count:5,Listing Terms:1:Conventional/Refinance,Lot Size Units:Square Feet,On Market Date:2023-10-03,Parcel Number:01-31-36-009-0790,Parking Total:4,Property Type:Commercial Sale,Stories Total:2,Street Number:1302,Public Remarks:Unique opportunity to acquire a strategically placed small multifamily situated in Downtown Miami and close to Miami WorldCenter, I-395/State Road 836 and New Signature Bridge/Underdeck Project. Gross building of +/- 2,928 SF in 4,750 SF lot size. Fourplex, 2/1 layout, 2 stories building, currently vacant. Need some repairs. Comp rents can be $1,600/mo. to $1,900/mo. Lot is in an Opportunity Zone Area. Favorable T6-8-L Zoning designation. Automatic upzone due to Overtown CRA allows to increase the height of development up to 20 floors and double the density. It must include a qualifying affordable housing component. 2 minutes to Miami Central; 8 minutes to Miami Intl. Airport; 4 minutes to the Port of Miami; 10 minutes to South Beach.,County Or Parish:Miami-Dade County,List Office Name:Global Investments Realty,Private Remarks:Covered land play. Opportunity site for redevelopment.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:2626,Property Sub Type:Income/MultiFamily,State Or Province:FL,Street Dir Prefix:NW,Tax Annual Amount:8476,Unparsed Address:1302 NW 1st Pl, Miami FL 33136,Listing Agreement:Exclusive Agency,Road Frontage Type:1:Highway,Building Area Total:2928,Building Area Units:Square Feet,Lot Size Square Feet:4750,M I A M I R E_ For Sale Y N:1,Number Of Buildings:1,Original List Price:950000,Public Survey Range:31,I D X Participation Y N:1,Showing Contact Type:1:Call Listing Office,Syndication Remarks:Unique opportunity to acquire a strategically placed small multifamily situated in Downtown Miami and close to Miami WorldCenter, I-395/State Road 836 and New Signature Bridge/Underdeck Project. Gross building of +/- 2,928 SF in 4,750 SF lot size. Fourplex, 2/1 layout, 2 stories building, currently vacant. Need some repairs. Comp rents can be $1,600/mo. to $1,900/mo. Lot is in an Opportunity Zone Area. Favorable T6-8-L Zoning designation. Automatic upzone due to Overtown CRA allows to increase the height of development up to 20 floors and double the density. It must include a qualifying affordable housing component. 2 minutes to Miami Central; 8 minutes to Miami Intl. Airport; 4 minutes to the Port of Miami; 10 minutes to South Beach.,Listing Contract Date:2023-10-03,Originating System I D:miamire,Public Survey Section:36,Showing Instructions:Appointment Only,Call Listing Agent,Call Listing Office,Street Number Numeric:1302,Tax Legal Description:ALICE BALDWIN ET AL SUB PB B-87 & PB 6-43 LOT 8 LESS E5FT BLK 7 LOT SIZE 50.000 X 95 OR 20834-1620 11 2002 6 COC 24388-4107 03 2006 5,Public Survey Township:31,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:3%,M I A M I R E_ Internet Remarks:Gross building of +/- 2,928 SF in 4,750 SF lot size. Fourplex, 2/1 layout, 2 stories building, currently vacant. Zoning T6-8-L upzone by Overtown CRA.,Contract Status Change Date:2023-10-03,Internet Address Display Y N:1,Number Of Units In Community:4,Transaction Broker Compensation:3%,Internet Entire Listing Display Y N:1,Transaction Broker Compensation Type:%,