1560 NW 15th Street Rd
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1560 NW 15th Street Rd
16 Unit Apartment Building $4,100,000 ($256,250/Unit) Miami, FL 33125
Investment Highlights
- SB102/Live Local eligible site - a verifiable covered land play with High Density development potential
- TOD benefits eligible
Executive Summary
Extraordinary investment opportunity in the heart of Allapattah by the Civic center and River Landing retail center, boasting an exceptional 1970s CBS construction covered-land play. This sixteen (16)-unit apartment building, situated on a 15,526 SF lot zoned T6-12-O w/parking is prime for developers. This high density zoning of 150 du/acre also qualifies by right for TOD benefits given proximity to UHealth Station, it is further enhanced with SB120/Live Local, height is limited only by FAA, density could be potentially over 300 units. In other words, the only density or height limitation on this property will be based on how efficiently you handle parking within the building envelope. Each apartment features a well- designed floor plan w/1 bed & 1 bath, providing consistency and ease of management. Within walking distance to River Landing, Civic Center, the VA, and metro rail. A full range of entertainment and commercial amenities including office space, hotel, shops, restaurants. Further, its located near the bustling Miami Intl Airport, Wynwood, Downtown, Brickell and several other employment centers, residents will be motivated to live in this centric and thriving neighborhood that is gaining traction in the vibrant and culturally diverse city that is undergoing a massive transformation. Investing in this area presents an extraordinary opportunity to capitalize on the remarkable surge of growth and development sweeping through the region. Reach out to us now to explore this remarkable property further and unlock the potential it holds for you.
Property Facts
Price | $4,100,000 | Building Class | C |
Price Per Unit | $256,250 | Lot Size | 0.38 AC |
Sale Type | Investment | Building Size | 11,779 SF |
No. Units | 16 | Average Occupancy | 100% |
Property Type | Multifamily | No. Stories | 2 |
Property Subtype | Apartment | Year Built | 1972 |
Apartment Style | Low Rise | Parking Ratio | 1/1,000 SF |
Price | $4,100,000 |
Price Per Unit | $256,250 |
Sale Type | Investment |
No. Units | 16 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | C |
Lot Size | 0.38 AC |
Building Size | 11,779 SF |
Average Occupancy | 100% |
No. Stories | 2 |
Year Built | 1972 |
Parking Ratio | 1/1,000 SF |
Unit Amenities
- Air Conditioning
- Kitchen
- Range
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
1+1 | 16 | - | - |
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Walk Score ®
Very Walkable (79)
zoning
Zoning Code | T6-12-O (High density zoning, 150du/acre, eligible for 12 stories, plus bonus to 24, SB102/Live Local eligible for workforce housing, TOD benefits eligible) |
T6-12-O (High density zoning, 150du/acre, eligible for 12 stories, plus bonus to 24, SB102/Live Local eligible for workforce housing, TOD benefits eligible) |
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1560 NW 15th Street Rd
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