$1,300,000
For Sale

1235 SW 2nd St

Miami, FL 33135
Browse 43 photos
Type:Purchase
Structure:Townhouse
Zone:Commercial

Description

An exceptional covered land play on 7,500 sf site with T6-12-O mixed-use high density zoning with 5 income producing apartment units. Consisting of a large 4 bedroom 2 bath, 4: 1 bed 1 bath units, and 1 Studio, it delivers a diversified unit mix and works as a strong covered land play for developers working towards entitlements and approval of plans. The 40 yr certification was completed in June 2024. It is eligible for affordable housing density bonuses; and allows for a multitude of mixed uses including retail, residential, hospitality, office and more. But, with recently passed Live-Local legislation, height can be raised to over 20 stories and unit counts can be raised to as many units as the site can hold, by reserving 40% of new units to 120% AMI, which is near market rents.

  • Property Details
      • Property SubtypeIncome/MultiFamily
      • CountyMiami-Dade County
      • MLS #A11692989
      • MLS #A11692989
      • Property TypePurchase
      • Cost1300000
      • Year Built1914

Location

Nirmala EmaniReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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