Commercial Land: Unimproved Multi Family (5+Units) |
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650 SW 1st St Miami, FL 33130 | ||||
Price: $1,700,000 | ||||
Type of Property: Commercial | Area: 41 | |||
Style of Property: Unimproved Multi Family (5+Units) | ||||
ID#: 1011367486 | Zoning_Information: 6110 | |||
Tax Amount: 13126 | ||||
Status: Active & Available | Tax Year: 2022 | |||
Approximate Lot Size: 50 X 150 | ||||
County: Miami-Dade County | ||||
Folio Number: 01-02-01-060-1080 | ||||
Listed Date year/month/day: 2023-04-05 | ||||
Legal:CITY OF MIAMI SOUTH PB B-41 LOT 7 BLK 16 LOT SIZE 50.000 X 150 PROB #96-3725 (02) 17390-0009 0996 5 | ||||
Permit Approved 22-unit development site in Little Havana, Miami, FL that is 100% parking approved. Amazing Rental development offering a builder a proforma IRR of over 20%, in the path of progress central to Brickell, Gables, Grove, Hospital District & Wynwood. Mixed use plans for 1 retail bay fronting the street, 20-“studios & 1 beds”, & one – 2-bed unit. LT or ST rental potential. Cost effective development plans for 9,300 SF of total rental income. Project submitted prior to May 01, 2022 for the 100% parking approval. Nearly permit approved with full plans submitted and on last round of comments. Plans transfer with the purchase. Buyer reimburses Seller’s permit & impact fees at closing in addition to purchase price. See attached proforma development model. |
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