626 11th Ave , for Sale

626 11th Ave for Sale

Price $6,500,000.00

• Lot size 10000
• Year Build
• Waterfront
• Zip 33136
• Style
• Parking Description
• Pool Yes
• Status Active

Description

Plum a New Construction Co-Living Building in Riverside/Little Havana. This innovative living modality allows you to deliver newly built, high quality, beautifully designed and appointed housing options at pricing well below anything in the market. This building is designed for the missing-middle, the typical millennial or younger making $75k-150k, who has no other viable attractive rental options. This means you?ll never suffer a lack of tenants and can expect robust demand and long term rent growth. Twelve 3/3s; totaling 36 rentable individual semi-autonomous bedrooms. Riverside is one of Miami?s most attractively developing neighborhoods. Riverside runs adjacent to the Miami River, north of little Havana and just west of Downtown and Brickell.

It borders the Civic Center, Downtown, and Brickell, all of Miami?s major engines of employment; and since residency follows employment, especially given the ease of car-less multi-modal transit to those sites, this is where people want to live. Generates a pro-forma $509,098 per year and a pro-forma cap rate at asking price of nearly 8%. Adjacent building also for sale and can be sold as package deal.

LAWRENCE ESTATE LAND COS SUB PB 2-46 S46FT LOTS 1 & 2 BLK 2 LOT SIZE 46.000 X 100 OR 16764-2735 0495 1 COC 22668-2149 09 2004 1

Plum a New Construction Co-Living Building in Riverside/Little Havana. This innovative living modality allows you to deliver newly built, high quality, beautifully designed and appointed housing options at pricing well below anything in the market. This building is designed for the missing-middle, the typical millennial or younger making $75k-150k, who has no other viable attractive rental options. This means you?ll never suffer a lack of tenants and can expect robust demand and long term rent growth. Twelve 3/3s; totaling 36 rentable individual semi-autonomous bedrooms. Riverside is one of Miami?s most attractively developing neighborhoods. Riverside runs adjacent to the Miami River, north of little Havana and just west of Downtown and Brickell.

City:Miami,Zoning:T6-8-O,List A O R:A-Miami Association of REALTORS,Latitude:25.7797585,List Price:6500000,Listing Id:A11610265,Longitude:-80.2134406,Mls Status:Active,Postal Code:33136,Street Name:11th Ave,Coordinates:1:25.7797585,Photos Count:35,Business Type:1:Commercial/Residential Income,Days On Market:10,Lot Size Units:Square Feet,M I A M I R E_ Area:41,On Market Date:2024-06-11,Parcel Number:01-41-02-005-0070,Property Type:Commercial Sale,Street Number:626,Public Remarks:Plum a New Construction Co-Living Building in Riverside/Little Havana. This innovative living modality allows you to deliver newly built, high quality, beautifully designed and appointed housing options at pricing well below anything in the market. This building is designed for the missing-middle, the typical millennial or younger making $75k-150k, who has no other viable attractive rental options. This means you?ll never suffer a lack of tenants and can expect robust demand and long term rent growth. Twelve 3/3s; totaling 36 rentable individual semi-autonomous bedrooms. Riverside is one of Miami?s most attractively developing neighborhoods. Riverside runs adjacent to the Miami River, north of little Havana and just west of Downtown and Brickell.,County Or Parish:Miami-Dade County,List Office Name:Fausto Commercial Realty Consultants Inc,Private Remarks:It borders the Civic Center, Downtown, and Brickell, all of Miami?s major engines of employment; and since residency follows employment, especially given the ease of car-less multi-modal transit to those sites, this is where people want to live. Generates a pro-forma $509,098 per year and a pro-forma cap rate at asking price of nearly 8%. Adjacent building also for sale and can be sold as package deal.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:3814,Property Sub Type:Income/MultiFamily,State Or Province:FL,Street Dir Prefix:NW,Tax Annual Amount:9456,Unparsed Address:626 NW 11th Ave, Miami FL 33136,Listing Agreement:Exclusive Right To Sell,Building Area Total:10000,Building Area Units:Square Feet,Lot Size Square Feet:4600,Original List Price:6500000,Public Survey Range:41,I D X Participation Y N:1,Syndication Remarks:Plum a New Construction Co-Living Building in Riverside/Little Havana. This innovative living modality allows you to deliver newly built, high quality, beautifully designed and appointed housing options at pricing well below anything in the market. This building is designed for the missing-middle, the typical millennial or younger making $75k-150k, who has no other viable attractive rental options. This means you?ll never suffer a lack of tenants and can expect robust demand and long term rent growth. Twelve 3/3s; totaling 36 rentable individual semi-autonomous bedrooms. Riverside is one of Miami?s most attractively developing neighborhoods. Riverside runs adjacent to the Miami River, north of little Havana and just west of Downtown and Brickell.,Listing Contract Date:2024-06-11,Originating System I D:miamire,Street Number Numeric:626,Tax Legal Description:LAWRENCE ESTATE LAND COS SUB PB 2-46 S46FT LOTS 1 & 2 BLK 2 LOT SIZE 46.000 X 100 OR 16764-2735 0495 1 COC 22668-2149 09 2004 1,Public Survey Township:41,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:2.0%,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:2024-06-11,Internet Address Display Y N:1,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:No,Transaction Broker Compensation:2.0%,Internet Entire Listing Display Y N:1,M I A M I R E_ Compensation Disclaimer:BBC: 2.0%, 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,