Address
Open on Google Maps- Address 1254 SW 2nd St
- City Miami
- State/county FL
- Zip/Postal Code 33135
Details
Updated on September 11, 2025 at 10:14 am- Price: $6,999,999
- Property Size: 10769
- Garage Size: x x
- Property Type: Commercial Sale, Multi Family
- Property Status: Active
- Property Sub Type: Multi Family
Additional details
- County: Miami-Dade
- Property Type: Commercial Sale
Description
A very uniquely designed development being completed and set to be delivered with certificate of occupancy by January 2026 in Little Havana, this is a 21-unit multifamily bldg 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 reduced cost of construction to developers comparing alternate site in the area, and thereby keeps rents affordable to local residents. 20 Units are oversized Studios (easily converted to 1 bedroom, 400-460 SF), and 1 one bedroom (500 SF). An alternative strategy, motel/lodging use operators can get licensure to operate a combination of units for short-term rental.
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