1567 1st St , for Sale

1567 1st St for Sale

Price $4,500,000.00

• Lot size 7737
• Year Build
• Waterfront
• Zip 33125
• Style
• Parking Description
• Pool Yes
• Status Active

Description

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.

The area's several iconic spots include the Calle Echo, home to the Ball & Chain, and Downtown Miami. Since its inception in the late 1800's, Little Havana has been home to tycoons, adventurers, artists, writers and musicians alike with an A-list roster of residents. Come invest in the prosperous neighborhood that is surging in economic heart of the city. See attachments

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

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.

City:Miami,Zoning:T5-L,List A O R:A-Miami Association of REALTORS,Latitude:25.7745256,List Price:4500000,Listing Id:A11528524,Longitude:-80.2210791,Mls Status:Active,Postal Code:33125,Street Name:1st St,Coordinates:1:25.7745256,Photos Count:83,Business Type:1:Hotel/Motel,Days On Market:68,Lot Size Units:Square Feet,M I A M I R E_ Area:41,On Market Date:2024-01-30,Parcel Number:01-41-02-005-8790,Property Type:Commercial Sale,Street Number:1567,Public Remarks: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.,County Or Parish:Miami-Dade County,List Office Name:Fausto Commercial Realty Consultants Inc,Private Remarks:The area's several iconic spots include the Calle Echo, home to the Ball & Chain, and Downtown Miami. Since its inception in the late 1800's, Little Havana has been home to tycoons, adventurers, artists, writers and musicians alike with an A-list roster of residents. Come invest in the prosperous neighborhood that is surging in economic heart of the city. See attachments,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:5504,Property Sub Type:Income/MultiFamily,State Or Province:FL,Street Dir Prefix:NW,Tax Annual Amount:9116,Unparsed Address:1567 NW 1st St, Miami FL 33125,Listing Agreement:Exclusive Right To Sell,Building Area Total:7737,Building Area Units:Square Feet,Lot Size Square Feet:5000,Original List Price:4500000,Public Survey Range:41,I D X Participation Y N:1,Syndication Remarks: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.,Listing Contract Date:2024-01-30,Originating System I D:miamire,Public Survey Section:2,Street Number Numeric:1567,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,Public Survey Township:41,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:3.0%,M I A M I R E_ Internet Remarks:Visit Fausto Commercial for more investment opportunities.,M I A M I R E_ Showing Time Flag:1,Contract Status Change Date:2024-01-30,Internet Address Display Y N:1,Internet Consumer Comment Y N:1,Dual Variable Compensation Y N:1,Transaction Broker Compensation:3.0%,Internet Entire Listing Display Y N:1,M I A M I R E_ Compensation Disclaimer:BBC: 3.0%, The offer of compensation is made only to participants of the MLS where the listing is filed.,Transaction Broker Compensation Type:%,Internet Automated Valuation Display Y N:1,