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For Sale

1567 1st St, Miami, Florida 33125

$4,500,000
Coming live and fully operational this February 2024 is this amazing 14 unit multifamily building in Little Havana. This site can be operated in a traditional sense under City of Miami double density workforce program as apartments; 1 units 30% AMI, 2 units at 50% AMI, and 12 units at 140% AMI (average median income). 13 Units are oversized Studios (easily converted to 1 bedrooms, 440-460 SF), and 1 one bedroom (550 SF). Alternative, by paying deferred impact fees, motel/lodging use operators can get licensure to operate this for short-term rental. With close proximity to Calle Ocho and Brickell fine dining, chic shops, sidewalk cafes and picturesque parks, are a brisk walk away for residents who will be immersed in the vibrant culture of the area.
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Details

    • Property Type: Commercial
    • Property SubType: Multi Family
    • Listing Type: For Sale
    • Listing ID: A11528524
    • Price: $4,500,000
    • View: Intercoastal,ocean,pool
    • Bedrooms: 0
    • Bathrooms: 0
    • Half Bathrooms: 0
    • Square Footage: 0 Sqft
    • Year Built: 0
    • Status: Pending
    • Original Property Type: Commercial Sale

Features

Location

    • Country US
    • State FL
    • County Miami-Dade
    • City Miami
    • Zipcode 33125
    • Neighborhood: Miami
    • Street: 1st St
    • Street Number: 1567
    • Floor Number: 0
    • Longitude: W81° 50' 42.7''
    • Latitude: N26° 3' 13.5''

Additional Info

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5555 Biscayne Blvd., Suite #302
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Contact

561.306.4597

exclusivegroup@elliman.com

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© 2025 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY.

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