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2629 NW 17th Ave 34 Unit Apartment Building $10,000,000 ($294,118/Unit) Miami, FL 33142
INVESTMENT HIGHLIGHTS
- Covered Land play for high density mixed-use development for workforce housing
- Eligible under SB102/Live Local for workforce housing, grants and much more
EXECUTIVE SUMMARY
Extraordinary investment opportunity in the heart of Allapattah along the 17 AVE retail corridor, boasting an exceptional 1970s CBS construction that is hurricane proof. The site This 34-unit apartment building, situated on 34,318 SF lot zoned T6-8-O w/parking space is prime for developers. This high density zoning of 150 du/acre, fantastic frontage of three streets allows for great circulation of ingress/egress, it is further enhanced with SB120/Live Local, height is limited only by FAA, density could be potentially over 300 units. In other words, the only density or height limitation on this property will be based on how efficiently you handle parking within the building envelope.Each apartment features a well- designed floor plan with one bedroom and one bath, providing consistency and ease of management. Across the street from Juan Duarte Pablo Park and its fields, it is also centric to other amenities and locales. On its West is the Inter Miami CF stadium, 58-acre public park, and entertainment district at Miami Freedom Park scheduled to open in May 2025. This is a year-round destination spot. The recreational project will be the largest new park in Miami, soccer and youth athletic fields for the community, a full range of entertainment and commercial offerings including office space, hotel, shops, restaurants and additional experiences and attractions for residents just minutes West of the site. Further, its located near the bustling Miami Intl Airport, Wynwood, Design District, Downtown, Brickell and several other employment centers, residents will be motivated to live in this centric and thriving neighborhood that is gaining traction in the vibrant and culturally diverse city that is undergoing a massive transformation. Investing in this area presents an extraordinary opportunity to capitalize on the remarkable surge of growth and development sweeping through the region. Reach out to us now to explore this remarkable property further and unlock the potential it holds for you.
PROPERTY FACTS
| Price | $10,000,000 | Building Class | C |
| Price Per Unit | $294,118 | Lot Size | 0.79 AC |
| Sale Type | Investment | Building Size | 20,326 SF |
| No. Units | 34 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1970 |
| Property Subtype | Apartment | Parking Ratio | 0.69/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | T6-8-O - High density zoning for 150du/acre, eligible for SB102/Live Local workforce housing program to increase density and height | ||
| Price | $10,000,000 |
| Price Per Unit | $294,118 |
| Sale Type | Investment |
| No. Units | 34 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.79 AC |
| Building Size | 20,326 SF |
| No. Stories | 2 |
| Year Built | 1970 |
| Parking Ratio | 0.69/1,000 SF |
| Zoning | T6-8-O - High density zoning for 150du/acre, eligible for SB102/Live Local workforce housing program to increase density and height |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Refrigerator
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Public Transportation
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 32 | - | - |
1 1
Walk Score®
Very Walkable (87)
PROPERTY TAXES
| Parcel Number | 01-3126-020-0620 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $4,636,500 |
PROPERTY TAXES
Parcel Number
01-3126-020-0620
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$4,636,500
CONTACTS
-
Mauricio Villasuso -
Miguel Fuentes -
Carlos Fausto Miranda -
Fausto Commercial Realty Consultants
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2629 NW 17th Ave
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