1567 NORTH WEST 1ST ST, Miami
$4,500,000 USD
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| Address | 1567 NORTH WEST 1ST ST, Miami |
| Type of Property | Income / MultiFamily |
| Type of Business | Apartments, Hotel / Motel |
| Price | $4,500,000 |
| Property Status | Active |
| MLS Number | A11528524 |
| Property Size | 5000 |
| Lot Size | 5000 |
| Folio Number | 01-41-02-005-8790 |
| Zoning Information | T5-L |
| Days on Market | 97 |
Detailed 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 sq.ft), and 1 one bedroom (550 sq.ft). 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.
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Address Information
| State | Florida |
| City | Miami |
| County | Miami-Dade County |
| Zip Code | 33125 |
| Address | 1567 NORTH WEST 1ST ST |
| Section | 2 |
| Zip Code (4 Digits) | 5504 |
Financial Information
| Price | $4,500,000 |
| Price per Foot | $0 |
| Folio Number | 01-41-02-005-8790 |
| Tax Amount | $9,116 |
Full Descriptions
| Detailed 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 sq.ft), and 1 one bedroom (550 sq.ft). 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. |
Property parameters
| Living Area | 5000 |
| Lot Size | 5000 |
| Total Acreage | 0.000 |
| Zoning Information | T5-L |
| Maximum Leasable Size | 5000 |
| Type of Property | Income / MultiFamily |
| Type of Business | Apartments, Hotel / Motel |
| Street Direction | North West |
| Listed with | Fausto Commercial Realty Consultants Inc |