5,000 sf site w/plans for 12 res units (12 studios) fully approved & ready to start construction immediately. Extremely efficient & simple industrial/contemporary designs yield an inexpensive & fast build. 5,800 SF building, w/revenues estimated above $270K/year. Rare opportunity w/parking exemption approved. The market is suffering a crisis of affordable housing, & with virtually 0% vacancy, these units will rent fast when built & rents will keep growing over time. The site benefits from great proximity to Miami’s biggest employment generator, the Health & Civic Center, & excellent access to lifestyle amenities. This project is quick & easy to build & will rent fast, because it's at the price point people want, close to the jobs they want, & in a neighborhood they will love living in.
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Listing Office: Fausto Commercial Realty Consultants Inc