1302 NW 1st Pl
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
1302 NW 1st Pl
4 Unit Apartment Building $1,374,175 CAD ($343,544 CAD/Unit) 4.11% Cap Rate Miami, FL 33136
INVESTMENT HIGHLIGHTS
- Lot is in an Opportunity Zone Area.
- Fourplex in-place next to the I-395/State Road 836. Gross building of +/- 2,928 SF in 4,750 SF lot size.
- Automatic upzone due to Overtown CRA allows to increase the height of a development up to 20 floors and double the density.
EXECUTIVE SUMMARY
Unique opportunity to acquire a strategically placed small multifamily situated in Downtown Miami and close to Miami’s key market, Miami WorldCenter. 2-story building with 4 units next to the I-395/State Road 836. Gross building of +/- 2,928 SF in 4,750 SF lot size. Fourplex in-place, fully vacant. Lot is in an Opportunity Zone Area. Favorable T6-8-L Zoning designation. Automatic upzone due to Overtown CRA allows to increase the height of development up to 20 floors and double the density. It must include a qualifying affordable housing component. 2 minutes to Miami Central; 8 minutes to Miami Intl. Airport; 4 minutes to the Port of Miami; 10 minutes to South Beach. The property is next to the new development of 30 acres of public open space.
PROPERTY FACTS Under Contract
| Price | $1,374,175 CAD | Building Class | C |
| Price Per Unit | $343,544 CAD | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 2,928 SF |
| Cap Rate | 4.11% | No. Stories | 2 |
| No. Units | 4 | Year Built | 1961 |
| Property Type | Multifamily | Parking Ratio | 1.37/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low Rise |
| Price | $1,374,175 CAD |
| Price Per Unit | $343,544 CAD |
| Sale Type | Investment |
| Cap Rate | 4.11% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 2,928 SF |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 1.37/1,000 SF |
| Opportunity Zone |
Yes |
1 of 1
Walk Score®
Very Walkable (87)
Transit Score®
Rider's Paradise (94)
Bike Score®
Very Bikeable (72)
PROPERTY TAXES
| Parcel Number | 01-3136-009-0790 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $658,481 CAD |
PROPERTY TAXES
Parcel Number
01-3136-009-0790
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$658,481 CAD
ZONING
| Zoning Code | T6-8-L (Limited - max. eight (8) stories. Single family, multifamily residences, Hotels, Bed & Breakfasts, and Inns, Office space permitted in a limited cap) |
| T6-8-L (Limited - max. eight (8) stories. Single family, multifamily residences, Hotels, Bed & Breakfasts, and Inns, Office space permitted in a limited cap) |
1 of 6
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
1302 NW 1st Pl
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.