1560 NW 15th Street Rd - Apartments FOR SALE


Miami, FL 33125
$4,100,000 USD
305-340-8901
1560 NW 15th Street Rd, Miami, FL for Sale
$4,100,000 USD
Apartments - FOR SALE
1/31
null | Request Cap Rate

1560 NW 15th Street Rd
Miami, FL 33125


HIGHLIGHTS

  • SB102/Live Local eligible site - a verifiable covered land play with High Density development potential
  • TOD benefits eligible

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,100,000 USD

PRICE/SF

$348 USD /SF

# OF UNITS

16

PRICE/UNIT

$256,250

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1972

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,553 SF

ZONING

T6-12-O

APN/PARCEL ID

01-3135-032-0250

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.