Basic Information
- MLS # A11257309
- Type Residential
- Status Closed
- Subdivision/Complex LAWRENCE ESTATE LAND CO
- Total Sqft 7,000
- Date Listed 08/16/2022
- Days on Market 48
Site Plan Approved 2-story 10-unit development site in Little Havana, Miami, Florida w/ 100% parking reduction. Permit approval & 100% parking reduction approval in next 2 to 3 months. “The Pennant Apartments” has the permit set available for review during due diligence. Plans & renderings by Modis Architects. Zoned T5, the project is on a 7,000 SF lot w/ 8,745 planned buildable & 6,593 leasable SF. Existing improvements generate current income of $2,300/mo covering expenses until demo. Hot Little Havana continues to develop as Brickell expands wests & achieves $4/SF/mo in rental rates. See attached proforma rental model & development/IRR model showing a approx. 32% return. Near the Stadium & well positioned between Brickell, Wynwood, the Hospital District, Roads, Gables & Grove.
Amenities
Exterior Features
- Waterfront No
- Parking Spaces 0
- Pool No
- Parking Description
- Style Residential
Interior Features
- Adjusted Sqft 7,000Sq.Ft
- Sqft 7,000 Sq.Ft
Property Features
- Address 1547 NW 2nd St
- Aprox. Lot Size 7,000
- Furnished Info no
- Listing Terms Cash
- HOA Fees $0
- Subdivision Complex
- Subdivision Info LAWRENCE ESTATE LAND CO
- Tax Amount $5,895
- Tax Legal desc LAWRENCE ESTATE LAND COS SUB PB 2-46 LOT 15 LESS S10FT BLK 54 LOT SIZE 7000 SQUARE FEET OR 18867-4232 11 1999 1
- Tax Year 2021
- Terms Considered Cash
- Type of Property Residential
1547 NW 2nd St
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The multiple listing information is provided by the Miami Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2023-present Miami Association of Realtors®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Douglas Elliman. tel: 305-677-5000
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