1520 NW 1st St - Apartments FOR SALE


Miami, FL 33125
$1,650,000 USD
305-340-8901
1520 NW 1st St, Miami, FL for Sale
$1,650,000 USD
Apartments - FOR SALE
1/35
null | 6% Cap Rate

1520 NW 1st St
Miami, FL 33125


HIGHLIGHTS

  • Covered land play scenario on a Live-Local/SB112 eligible site for future development
  • Add-value opportunity to renovate building, configure large front building into 3 bedroom units
  • Option to convert to AirBnB, short-term rental, maximize existing density, convert to 11 units with existing structure

OVERVIEW

Fausto Commercial presents Charwin Apartments: a charming Miami Spanish-style six-plex on a major commercial corridor. It offers two one-bed/one-bath units and four two-bed/one-bath units with spacious living areas. With a 5-year-old roof, this competitively priced property is ideal for renovation. Its historic architecture may qualify for tax abatements, credits, and restoration grants. Zoned T5-L, it's eligible for short-term rentals and the Live-Local program. The location ensures excellent connectivity to major roadways, highways, and nearby retail. With attractive unit sizes, competitive pricing, and a strategic location, this is a great opportunity for investors seeking immediate returns and long-term growth.

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$273 USD /SF

# OF UNITS

7

PRICE/UNIT

$235,714

CAP RATE

6%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

T5L

APN/PARCEL ID

01-4102-006-0030

ASK ABOUT THIS PROPERTY

Mauricio VillasusoFausto Commercial Realty ConsultantsMore Info
305-340-8901

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Mauricio VillasusoFausto Commercial Realty ConsultantsMore Info
305-340-8901

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