Miami, FL 33135,1254 SW 2nd St
Miami, FL 33135,1254 SW 2nd St
Miami, FL 33135,1254 SW 2nd St
33
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$1,650,000
Est. payment /mo
6,969 Sqft Lot
Active

1254 SW 2nd St Miami, FL 33135

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Cher Varghese

Cher Varghese

LPT Realty

+1(954) 643-3601

UPDATED:

09/30/2024 09:29 PM

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

Subdivision Lawrence Estates Land Cos

MLS Listing ID A11527894

HOA Y/N No

Annual Tax Amount $10,468

Tax Year 2023

Lot Size 6,969 Sqft

Acres 0.16

Lot Dimensions 50x142

Property Description

A very uniquely designed “shovel-ready” land development opportunity in Little Havana to build a 21-unit multifamily building is 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 reduces cost of construction to developers comparing alternate site in the area. 20 Units are oversized Studios (easily converted to 1 bedroom, 400-460 SF), and 1 one bedroom (500 SF). An alternative strategy, by paying deferred impact fees, motel/lodging use operators can get licensure to operate this for short-term rental.

Location

State FL

County Miami-dade

Community Lawrence Estates Land Cos

Area 41

Exterior

Utilities Available Cable Available, Electricity Available, Natural Gas Available, Water Available

Building

Lot Description <1 Acre, Irregular Lot

Sewer Other

Water Public

Others

Tax ID 01-41-02-006-1990


Listed by Fausto Commercial Realty Consultants Inc

Learn More About LPT Realty

Cher Varghese

Agent | License ID: 3292935

+1(954) 643-3601

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1254 SW 2nd St