650 SW 1st St, Miami FL 33130

$ 1,850,000
650 SW 1st St, Miami FL 33130, ,


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.


Address: 650 SW 1st St, Miami FL 33130
Zip: 33130
Country: United States
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Property Id : 118676
Price: $ 1,850,000
Property Lot Size: 0 ft2
Other Features
Built-In Grill
Can Raise Horses
Electrical Utility Available
Exterior Cat Walk
Exterior Lights
First Floor Entry
Fruit Trees
Has a View
Has Cooling System
Has Heating System
Has Waterfront
Home Owners Association
Interior Hall
New Construction
Open Balcony
Open Parking
Other Equipment/Appliances
Outdoor Shower
Property Attached
Room For Pool

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Andrey Rossin