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$1,200,000
$1,300,000 7.7%
Est. payment /mo
4,424 SqFt
Sold on 02/14/2025
1235 SW 2nd St Miami, FL 33135
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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
Listed by Fausto Commercial Realty Consultants Inc
Bought with Royal Experience Realty Group
Bought with Royal Experience Realty Group