For Sale
$6,250,000

1334 1St StMiami, FL 33135

137-Unit Apartment Building, Excellent Location

Overview

Added:
Jan 24
Days on market:
71
This exceptional 8-story apartment building, located at 1334 SW 1st St, Miami, FL 33135, presents a lucrative investment opportunity. Boasting 157,064 square feet on a 29,000 square foot lot, the property comprises 137 units. Its strategic location in East Little Havana offers unparalleled access to Downtown Miami, Brickell, Marlins Park, and Miami International Airport, all within a 15-minute radius. The property benefits from the ongoing revitalization and growth of the area, resulting in a strong rental market. The building's zoning is T6-8, T5-O. A significant portion of the units (fewer than 71) fall under the Live Local Act (SB-102), with 110 units designated for Live Local SB-12 and 55+ rentals. The remaining 27 units are available for market-rate rentals. This presents a unique blend of affordable and market-rate housing, maximizing investment potential. The asking price for this multifamily asset is $6,250,000. This property offers a compelling opportunity to capitalize on Miami's thriving real estate market.

Highlights

  • $6,250,000 asking price.
  • 137-unit apartment building.
  • 157,064 square feet.
  • 8-story building on a 29,000 square foot lot in Miami, FL.
  • T6-8, T5-O zoning.

Property Details for 1334 1St St

Property type
Apartment buildings
Square Feet
157,064 SF
Stories
8
Units
137

Location Insight

City
Miami
County
Miami-Dade
State
Florida
Latitude
25.7722297
Longitude
-80.2170869
1334 1St St, Miami, Florida

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1334 1St St
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