1254 2nd St , for Sale

1254 2nd St for Sale

Price $6,999,999.00

• Lot size 10769
• Year Build
• Waterfront
• Zip 33135
• Style
• Parking Description
• Pool Yes
• Status Active

Description

A very uniquely designed development being completed and set to be delivered with certificate of occupancy by January 2026 in Little Havana, this is a 21-unit multifamily bldg now available. This site can be operated in a traditional sense under City of Miami double density workforce program as apartments; 3 units 30% AMI, 2 units at 50% AMI, and 16 units at 140% AMI (average median income). It has a 100% parking exemption which reduced cost of construction to developers comparing alternate site in the area, and thereby keeps rents affordable to local residents. 20 Units are oversized Studios (easily converted to 1 bedroom, 400-460 SF), and 1 one bedroom (500 SF). An alternative strategy, motel/lodging use operators can get licensure to operate a combination of units for short-term rental.

LAWRENCE ESTATE LAND COS SUB PB 2-46 LOT 7 BLK 81 LOT SIZE 7500 SQ FT M/L

A very uniquely designed development being completed and set to be delivered with certificate of occupancy by January 2026 in Little Havana, this is a 21-unit multifamily bldg now available. This site can be operated in a traditional sense under City of Miami double density workforce program as apartments; 3 units 30% AMI, 2 units at 50% AMI, and 16 units at 140% AMI (average median income). It has a 100% parking exemption which reduced cost of construction to developers comparing alternate site in the area, and thereby keeps rents affordable to local residents. 20 Units are oversized Studios (easily converted to 1 bedroom, 400-460 SF), and 1 one bedroom (500 SF). An alternative strategy, motel/lodging use operators can get licensure to operate a combination of units for short-term rental.

City:Miami,Zoning:T5-L,List A O R:A-Miami Association of REALTORS,Latitude:25.7713086,List Price:6999999,Listing Id:A11876594,Longitude:-80.2156744,Mls Status:Active,Postal Code:33135,Street Name:2nd St,Coordinates:1:25.7713086,Photos Count:29,Business Type:1:Residential-Multi-Family,Days On Market:35,Lot Size Units:Square Feet,M I A M I R E_ Area:41,On Market Date:2025-08-07,Parcel Number:01-41-02-006-1990,Property Type:Commercial Sale,Street Number:1254,Public Remarks:A very uniquely designed development being completed and set to be delivered with certificate of occupancy by January 2026 in Little Havana, this is a 21-unit multifamily bldg now available. This site can be operated in a traditional sense under City of Miami double density workforce program as apartments; 3 units 30% AMI, 2 units at 50% AMI, and 16 units at 140% AMI (average median income). It has a 100% parking exemption which reduced cost of construction to developers comparing alternate site in the area, and thereby keeps rents affordable to local residents. 20 Units are oversized Studios (easily converted to 1 bedroom, 400-460 SF), and 1 one bedroom (500 SF). An alternative strategy, motel/lodging use operators can get licensure to operate a combination of units for short-term rental.,County Or Parish:Miami-Dade County,List Office Name:Fausto Commercial Realty Consultants Inc,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:2404,Property Sub Type:Income/MultiFamily,State Or Province:FL,Street Dir Prefix:SW,Tax Annual Amount:10515,Unparsed Address:1254 SW 2nd St, Miami FL 33135,Listing Agreement:Exclusive Right To Sell,Building Area Total:10769,Building Area Units:Square Feet,Lot Size Square Feet:7500,Original List Price:6999999,Public Survey Range:41,I D X Participation Y N:1,Syndication Remarks:A very uniquely designed development being completed and set to be delivered with certificate of occupancy by January 2026 in Little Havana, this is a 21-unit multifamily bldg now available. This site can be operated in a traditional sense under City of Miami double density workforce program as apartments; 3 units 30% AMI, 2 units at 50% AMI, and 16 units at 140% AMI (average median income). It has a 100% parking exemption which reduced cost of construction to developers comparing alternate site in the area, and thereby keeps rents affordable to local residents. 20 Units are oversized Studios (easily converted to 1 bedroom, 400-460 SF), and 1 one bedroom (500 SF). An alternative strategy, motel/lodging use operators can get licensure to operate a combination of units for short-term rental.,Listing Contract Date:2025-08-07,Originating System I D:miamire,Street Number Numeric:1254,Tax Legal Description:LAWRENCE ESTATE LAND COS SUB PB 2-46 LOT 7 BLK 81 LOT SIZE 7500 SQ FT M/L,Public Survey Township:41,Originating System Name:Miami Association of REALTORS?,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:2025-08-07,Internet Address Display Y N:1,Number Of Units In Community:21,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:No,Internet Entire Listing Display Y N:1,Internet Automated Valuation Display Y N:1,