FL > Miami
Miami, FL 33135,1235 SW 2nd St
Miami, FL 33135,1235 SW 2nd St
Miami, FL 33135,1235 SW 2nd St
$1,200,000
$1,300,000 7.7%
Est. payment /mo
4,424 SqFt

UPDATED:

Key Details

Sold Price $1,200,000

Property Type Multi-Family

Sub Type Multi Family

Listing Status Sold

Purchase Type For Sale

Square Footage 4,424 sqft

Price per Sqft $271

MLS Listing ID A11692989

Sold Date 02/14/25

HOA Y/N No

Year Built 1914

Annual Tax Amount $20,116

Lot Size 7,500 Sqft

Property Sub-Type Multi Family

Property 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.

Location

State FL

County Miami-dade

Area 41

Exterior

Private Pool Yes

Others

Tax ID 01-41-02-006-1890

Financing Cash

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Listed by Fausto Commercial Realty Consultants Inc
Bought with Royal Experience Realty Group
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"We recognize that real estate ventures involve more than just transactions; they’re intricate puzzles that demand strategic thinking and a keen understanding of the numbers. With years of experience in the industry, we bring a wealth of knowledge and expertise to the table, ensuring that every client receives tailored solutions to meet their unique needs."

+1(954) 812-1831

monica@koresrealty.com

1655 N Commerce Parkway, Suite 204, Weston, Florida, 33326, United States

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1235 SW 2nd St