1254 SW 2nd St Active Save Request In-Person Tour Request Virtual Tour
Miami,FL 33135
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