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Multi-family development Lot for Sale 1871 NW 18th Ter 2 Unit Apartment Building $1,099,000 ($549,500/Unit) Miami, FL 33125
Executive Summary
±13,396 SF Multi-family development Lot for Sale – Miami, FL.
Located in a geographic submarket, Allapattah, which is experiencing major growth and demand.
Strategically situated right between Miami International Airport and U Health / Jackson Health District (one of the largest Health Districts in the country).
Workforce Housing and Affordability incentives available through certain City Programs can provide possible:
- Density increases
- Parking reductions
- Impact Fee reductions
Existing Duplex onsite allows for income while obtaining approvals
Located in a geographic submarket, Allapattah, which is experiencing major growth and demand.
Strategically situated right between Miami International Airport and U Health / Jackson Health District (one of the largest Health Districts in the country).
Workforce Housing and Affordability incentives available through certain City Programs can provide possible:
- Density increases
- Parking reductions
- Impact Fee reductions
Existing Duplex onsite allows for income while obtaining approvals
Property Facts
| Price | $1,099,000 | Building Class | C |
| Price Per Unit | $549,500 | Lot Size | 0.29 AC |
| Sale Type | Investment | Building Size | 2,426 SF |
| No. Units | 2 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built/Renovated | 1949/2006 |
| Apartment Style | Single-Family Home | Parking Ratio | 2.06/1,000 SF |
| Zoning | T-4 - Buildable Units: 11 (as of Right; it can be increased to 22 under specific City of Miami Affordability incentive) | ||
| Price | $1,099,000 |
| Price Per Unit | $549,500 |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 2,426 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1949/2006 |
| Parking Ratio | 2.06/1,000 SF |
| Zoning | T-4 - Buildable Units: 11 (as of Right; it can be increased to 22 under specific City of Miami Affordability incentive) |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Recycling
- Trash Pickup - Curbside
- Walking/Biking Trails
- Smoke Detector
1 1
Walk Score®
Very Walkable (83)
Property Taxes
| Parcel Number | 01-3134-013-0161 | Improvements Assessment | $140,628 |
| Land Assessment | $535,840 | Total Assessment | $676,468 |
Property Taxes
Parcel Number
01-3134-013-0161
Land Assessment
$535,840
Improvements Assessment
$140,628
Total Assessment
$676,468
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Multi-family development Lot for Sale | 1871 NW 18th Ter
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