1302 NW 1st Pl - Apartments FOR SALE


Miami, FL 33136
$950,000 USD
786-285-7739
1302 NW 1st Pl, Miami, FL for Sale
$950,000 USD
Apartments - FOR SALE
1/5
null | 4.11% Cap Rate

1302 NW 1st Pl
Miami, FL 33136


HIGHLIGHTS

  • Lot is in an Opportunity Zone Area.
  • Automatic upzone due to Overtown CRA allows to increase the height of a development up to 20 floors and double the density.
  • Fourplex in-place next to the I-395/State Road 836. Gross building of +/- 2,928 SF in 4,750 SF lot size.

OVERVIEW

Unique opportunity to acquire a strategically placed small multifamily situated in Downtown Miami and close to Miami’s key market, Miami WorldCenter. 2-story building with 4 units next to the I-395/State Road 836. Gross building of +/- 2,928 SF in 4,750 SF lot size. Fourplex in-place, fully vacant. Lot is in an Opportunity Zone Area. Favorable T6-8-L Zoning designation. Automatic upzone due to Overtown CRA allows to increase the height of development up to 20 floors and double the density. It must include a qualifying affordable housing component. 2 minutes to Miami Central; 8 minutes to Miami Intl. Airport; 4 minutes to the Port of Miami; 10 minutes to South Beach. The property is next to the new development of 30 acres of public open space.

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$324 USD /SF

# OF UNITS

4

PRICE/UNIT

$237,500

CAP RATE

4.11%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

T6-8-L

APN/PARCEL ID

01-3136-009-0790

ASK ABOUT THIS PROPERTY

Joel RodriguezGlobal Investments Realty, Inc.More Info
786-285-7739

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Joel RodriguezGlobal Investments Realty, Inc.More Info
786-285-7739

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.