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650 SW 1st St,Miami, FL 33130

650 SW 1st St, Miami, FL 33130

Asking Price: $1,990,000

Permit Approved 22-unit development site in Little Havana, Miami, FL that is 100% parking approved. Amazing Rental development offering a builder a proforma IRR of over 20%, in the path of progress central to Brickell, Gables, Grove, Hospital District & Wynwood. Mixed use plans for 1 retail bay fronting the street, 20-“studios & 1 beds”, & one – 2-bed unit. LT or ST rental potential. Cost effective development plans for 9,300 SF of total rental income. Project submitted prior to May 01, 2022 for the 100% parking approval. Nearly permit approved with full plans submitted and on last round of comments. Plans transfer with the purchase. Buyer reimburses Seller’s permit & impact fees at closing in addition to purchase price. See attached proforma development model.

Only Cash Offer Considered-No Financing Contingency-
Only ZERO INSPECTION Offers Considered! -Do Due Diligence/ Inspections BEFORE Making Offers-