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1157 NW 1st St
Miami, FL 33128
Multifamily Property For Sale
·
15 Units
EXECUTIVE SUMMARY
Prime Value-Add Opportunity in the Heart of Miami.
Introducing 1157 NW 1st Street & 12th Avenue – a 15-unit vacant property offered at shell value, presenting an exceptional canvas for investors seeking upside in one of Miami’s fastest-growing corridors. Situated just one block from W Flagler Street, and minutes from the Miami River, and Marlins Park, this property sits at the crossroads of ongoing redevelopment and urban revitalization. The original building was for 11 units, however, plans are approved and in place to revitalize this building into 12x1 bedroom and 3x studios for a total 15 units by adding a third floor to the main structure. The site offers immense operational flexibility for operators given the T6-12-O zoning, making it ideal for innovative concepts such as co-living or conversion into motel for short-term rental. It’s centric location give it accessibility to the retail corridor on Flagler street that feeds into Downtown, and immediate access to the 836 HWY and the I-95 for connectivity to different parts of Miami for employees.
Introducing 1157 NW 1st Street & 12th Avenue – a 15-unit vacant property offered at shell value, presenting an exceptional canvas for investors seeking upside in one of Miami’s fastest-growing corridors. Situated just one block from W Flagler Street, and minutes from the Miami River, and Marlins Park, this property sits at the crossroads of ongoing redevelopment and urban revitalization. The original building was for 11 units, however, plans are approved and in place to revitalize this building into 12x1 bedroom and 3x studios for a total 15 units by adding a third floor to the main structure. The site offers immense operational flexibility for operators given the T6-12-O zoning, making it ideal for innovative concepts such as co-living or conversion into motel for short-term rental. It’s centric location give it accessibility to the retail corridor on Flagler street that feeds into Downtown, and immediate access to the 836 HWY and the I-95 for connectivity to different parts of Miami for employees.
PROPERTY FACTS
| Price Per Unit | $137,833 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Sale Condition | Building in Shell Condition | Lot Size | 0.10 AC |
| No. Units | 15 | Building Size | 5,520 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1925 |
| Zoning | T6-12-O - commercial business and residential | ||
| Price Per Unit | $137,833 CAD |
| Sale Type | Investment |
| Sale Condition | Building in Shell Condition |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 5,520 SF |
| No. Stories | 2 |
| Year Built | 1925 |
| Zoning | T6-12-O - commercial business and residential |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 15 | - | - |
PROPERTY TAXES
| Parcel Number | 01-4102-005-2090 | Improvements Assessment | $35,133 CAD |
| Land Assessment | $899,925 CAD | Total Assessment | $935,058 CAD |
PROPERTY TAXES
Parcel Number
01-4102-005-2090
Land Assessment
$899,925 CAD
Improvements Assessment
$35,133 CAD
Total Assessment
$935,058 CAD
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