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322-Unit Redevelopment Covered-Land Play 1801 NE 4th Ave

16 Unit Apartment Building $15,750,000 ($984,375/Unit) Miami, FL 33132

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Investment Highlights

18-unit Covered-Land Play, 322 micro-unit redevelopment opportuinty
Steps from Biscayne Bay & Margaret Pace Park

Prime location in Edgewater

Executive Summary

-Opportunity to redevelop site with 322 micro units with no parking requirement.
-18-unit occupied covered-land play
-Premier location
-Close to the Bay & Margaret Pace Park

Arthur - 1801 NE 4 Ave - OM $15750M

Property Facts

Price	$15,750,000	Building Class	C
Price Per Unit	$984,375	Lot Size	0.29 AC
Sale Type	Investment	Building Size	12,561 SF
No. Units	16	Average Occupancy	100%
Property Type	Multifamily	No. Stories	5
Property Subtype	Apartment	Year Built	1974
Apartment Style	Mid Rise	Parking Ratio	1.43/1,000 SF

Price	$15,750,000
Price Per Unit	$984,375
Sale Type	Investment
No. Units	16
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Mid Rise
Building Class	C
Lot Size	0.29 AC
Building Size	12,561 SF
Average Occupancy	100%
No. Stories	5
Year Built	1974
Parking Ratio	1.43/1,000 SF

Unit Amenities

Air Conditioning
Heating

Kitchen

Oven

Tub/Shower

Site Amenities

24 Hour Access

Tenant Controlled HVAC

Unit Mix Information

Description	No. Units	Avg. Rent/Mo	SF
1+1.5	16	-	725

zoning

Zoning Code	T6-36A-L (The subject property sits in the OMNI CRA , in concerto with The Live Local Act- give the opportunity to redevelop the site into 322 micro units.)
T6-36A-L (The subject property sits in the OMNI CRA , in concerto with The Live Local Act- give the opportunity to redevelop the site into 322 micro units.)