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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
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 - -
Walk Score ®
Very Walkable (79)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

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)
  • Listing ID: 33827195

  • Date on Market: 11/11/2024

  • Last Updated:

  • Address: 1560 NW 15th Street Rd, Miami, FL 33125

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