2113 NW 37 ST

2113 NW 37TH ST MIAMI, FL 33142

PRICE

825,000

Description

Prime location at 2113 NW 37th Street, in Allapattah. Located in Miami FL, this property presents an extraordinary opportunity for local developers to build an 11-unit multifamily in compact land that’s blackflow ready, with water, sewer and electrical connections. Embrace the Live-Local Act, effective from July 1st, and take advantage of incentives including tax benefits, streamlined permits, and access to grants and funding. With the new legislation, height can be raised to over 20 stories and units count 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. This market is suffering a crisis of affordable housing, and with virtually 0% vacancy, these units will rent fast and will continue to grow.

With thriving market demand, this project caters to the evolving needs of professionals, families, and students seeking contemporary living options. The property’s smaller footprint allows for efficient design and endless possibilities, from trendy apartments to stylish townhouses. Supported by local expertise, this project promises high viability and profitability in Allapattah’s vibrant real estate market.

Details

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LOT SIZE:
7,050 Sq Ft
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Gallery

BROKERS

Name:

Vicente Rodriguez

Email:

vr@faustocommercial.com

Phone:

305.510.6627