Lawrence Est 1159 NW 4th St Miami, FL 33128

FOR SALE - Active
$1,150,000
$1,250,000 (8.0%)
Studio
Beds
1,485
Sq.Ft.

Overview

  • Status: Active
  • Bed(s) No info
  • Bath(s)
  • Half Bath(s) 0
  • Parking No info
  • Size: 1,905 ft2/176.98 m2
  • Price Per: $603.67 ft2/$6,497.90 m2
  • Type: Multifamily
  • Built: 1923
  • HOA: No info
  • MLS Number: A11528438
  • View No info
  • On Site: 97 days
  • Updated: Listing Refreshed: 47 Days Ago

Offering a prime T-6-8-O zoned 5,000 sqft development site in Riverside/East Little Havana with submitted plans for a 5-story, 15-unit multifamily building totaling 10,000 sqft, including 7 micro studios (allowing short-term lodging) and 8x 3-bed 3-bath apartments. Expected City approval by June 2024. A notable benefit includes an approved parking waiver, eliminating the need for onsite parking. Strategically located minutes from the job centers of Downtown, Brickell, and the Health District, and walking distance to Marlins Stadium & Miami River. An existing 4-unit property on site generates $4,440/month gross from month-to-month tenants. Ideal for developers and investors seeking immediate income and growth potential in Miami's vibrant market. DO NOT DISTURB TENANTS.

Price History

DateEventPriceChange RatePrice Per
03/27/2024Price Reduced$1,150,000.004.2%$603.67 ft2/$6,497.90 m2
03/07/2024Price Reduced$1,200,000.004.0%$629.92 ft2/$6,780.42 m2
02/06/2024Listed$1,250,000.00$656.17 ft2/$7,062.94 m2

Contact Information

Tracey Schmitt
Real Estate Advisor
Specialties:
Luxury Oceanfront Communities, Waterfront Single Family Homes
Memberships:
Master Brokers, Luxury Real Estate Marketing, Million Dollar Guild
Contact Advisor
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