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$1,650,000
Est. payment /mo
6,969 Sqft Lot
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
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Listed by Fausto Commercial Realty Consultants Inc
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