850 SW 2nd St
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850 SW 2nd St
0.1 Acres of Residential Land Offered at $780,000 in Miami, FL 33130
Investment Highlights
- Eligible for City of Miami workforce program to double the density to 12 units
- East Little Havana location, hot submarket with new developments and growing very quickly
Executive Summary
7,500 Sq. Ft. Multi-Family land within East Little Havana. There is immense potential, either a market rate project of 6 units at any unit configuration or City of Miami double density workforce program which allows for development of 12 apartments; 2 units at 30% AMI, 1 unit at 50% AMI, and 9 units at 100% AMI (average median income). The location offers accessibility and connectivity to Brickell, Downtown, the Health District, 836 HWY to Miami Beach and with this comes fine dining, chic shops, sidewalk cafes and picturesque parks, all are a brisk walk or drive away for residents who will be immersed in the vibrant culture of the area. Riverside park is nearby, and one block from the A-rated school Ada Merritt K-8 Center makes this idyllic location which will capture the interests of residents for years to come. T4-R Zoning is ideal for this dynamic submarket experiencing economic growth, sub 2% vacancies pushing rental rates higher and demand is ever stronger for mixed- use infill development like this. Havana has been home to tycoons,
adventurers, artists, writers, and investors have taken notice that this is the heart of the city. The housing demand is very high driving rents up, take advantage of this inflation proof investment and contact us immediately.
adventurers, artists, writers, and investors have taken notice that this is the heart of the city. The housing demand is very high driving rents up, take advantage of this inflation proof investment and contact us immediately.
Property Facts
| Price | $780,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 0.10 AC |
| Price | $780,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 0.10 AC |
1 Lot Available
Lot
| Price | $780,000 | Lot Size | 0.10 AC |
| Price Per AC | $7,635,232 |
| Price | $780,000 |
| Price Per AC | $7,635,232 |
| Lot Size | 0.10 AC |
7,500 Sq. Ft. Multi-Family land in East Little Havana. There is immense potential, either a market rate project of 6 units at any configuration or City of Miami double density workforce program which allows for development of 12 apartments.
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Walk Score ®
Walker's Paradise (90)
Transit Score ®
Excellent Transit (76)
Bike Score ®
Very Bikeable (70)
PROPERTY TAXES
| Parcel Number | 01-4138-003-4120 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $192,578 |
PROPERTY TAXES
Parcel Number
01-4138-003-4120
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$192,578
zoning
| Zoning Code | T4 R (Zoning for 6 units by right, or 12 units with City double density workforce housing program.) |
| T4 R (Zoning for 6 units by right, or 12 units with City double density workforce housing program.) |
Contacts
-
Mauricio Villasuso -
Christopher Carbonell -
Carlos Fausto Miranda -
Fausto Commercial Realty Consultants
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850 SW 2nd St
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