Exciting 14-Unit Multifamily Building in Little Havana: A Versatile Investment Opportunity with Traditional and Short-Term Rental Options with a 7,737 sqft building.

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. The area’s several iconic spots include the Calle Echo, home to the Ball & Chain, and Downtown Miami. Since its inception in the late 1800′s, Little Havana has been home to tycoons, adventurers, artists, writers and musicians alike with an A-list roster of residents. Come invest in the prosperous neighborhood that is surging in economic heart of the city.