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1547 NW 2nd St

Miami, FL 33125
  • $950,000
  • STATUS: Active
  • ON SITE: 44 Days
  • MLS #: A11257309
UPDATED: 47 min ago
$950,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:

School Ratings & Info

Description

Site Plan Approved 2-story 10-unit development site in Little Havana, Miami, Florida w/ 100% parking reduction. Permit approval & 100% parking reduction approval in next 2 to 3 months. The Pennant Apartments has the permit set available for review during due diligence. Plans & renderings by Modis Architects. Zoned T5, the project is on a 7,000 SF lot w/ 8,745 planned buildable & 6,593 leasable SF. Existing improvements generate current income of $2,300/mo covering expenses until demo. Hot Little Havana continues to develop as Brickell expands wests & achieves $4/SF/mo in rental rates. See attached proforma rental model & development/IRR model showing a approx. 32% return. Near the Stadium & well positioned between Brickell, Wynwood, the Hospital District, Roads, Gables & Grove.

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Copyright 2022, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2022, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2022-09-30T07:50:46.977.
www.thepaizgroup.com/homes/132179525
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1547 NW 2nd St Miami, FL 33125

  • Price: $950,000
  • Status: Active
  • On Site: 44 Days
  • Updated: 47 min ago
  • MLS #: A11257309
0
Beds
0
Baths
0
½ Baths
0.16
Acres
Neighborhood:
Lawrence Estate Land Co
County:
Miami-Dade
Area:
Lawrence Estate Land Co
Property Description
Site Plan Approved 2-story 10-unit development site in Little Havana, Miami, Florida w/ 100% parking reduction. Permit approval & 100% parking reduction approval in next 2 to 3 months. The Pennant Apartments has the permit set available for review during due diligence. Plans & renderings by Modis Architects. Zoned T5, the project is on a 7,000 SF lot w/ 8,745 planned buildable & 6,593 leasable SF. Existing improvements generate current income of $2,300/mo covering expenses until demo. Hot Little Havana continues to develop as Brickell expands wests & achieves $4/SF/mo in rental rates. See attached proforma rental model & development/IRR model showing a approx. 32% return. Near the Stadium & well positioned between Brickell, Wynwood, the Hospital District, Roads, Gables & Grove.
Exterior Features

Frontage Length 50 Lot Features City LocationDirtLess Than 1 Acre Pool Private YN No Road Frontage Type Public Road Road Responsibility Public Maintained Road Road Surface Type Paved View YN No Waterfront YN No

Property Features

Additional Parcels YN No Association YN No Building Name Lawrence Estate Land Co Horse YN No Listing Terms All Cash New Construction YN No Property Sub Type Residential Public Survey Section 2 Senior Community YN No Sewer Public Sanitation Structure Type Residential Tax Annual Amount 5895 Tax Year 2021 Water Source Municipal Water Zoning 6107

Listing courtesy of Douglas Elliman: 305-677-5000.


Copyright 2022, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2022, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2022-09-30T07:50:46.977.
 
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The Paiz Group | EWM Realty International
1700 East Las Olas Boulevard Suite 103
Fort Lauderdale FL, 33301