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
Annual Tax Amount $10,468
Tax Year 2023
Lot Size 6,969 Sqft
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
Waterfront No
Building
Lot Description <1 Acre,Irregular Lot
Sewer Other
Water Public