Commercial property in Miami, Florida 137.96 sq.m. № 993649
ID993649
$ 1 250 000
- EUR €
- USD $
- RUB ₽
- GBP £
Property description
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.MLS #: A11528438
Miami - Statistics
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| Parameters | Miami |
|---|---|
| Rent Per Month | |
| Apartment (1 bedroom) in City Centre | $ 2 784.86 |
| Apartment (1 bedroom) Outside of Centre | $ 2 129.68 |
| Apartment (3 bedrooms) in City Centre | $ 5 402.90 |
| Apartment (3 bedrooms) Outside of Centre | $ 3 693.74 |
| Buy Apartment Price | |
| Price per Square Meter to Buy Apartment in City Centre | $ 6 194.88 |
| Price per Square Meter to Buy Apartment Outside of Centre | $ 3 870.22 |
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| Parameters | Miami |
|---|---|
| Crime Index | 53.20 |
| Cost of Living and Rent Index | 72.49 |
| Purchasing Power Index | 100.11 |
| Property Price to Income Ratio | 5.87 |
| Safety Index | 46.80 |
| Traffic CO₂ Index | 10644.20 |
| Traffic Inefficiency Index | 235.65 |
| Rent Index | 70.29 |
| Health Care Index | 62.78 |
| Groceries Index | 71.52 |
| Pollution Index | 40.50 |
| Traffic Commute Time Index | 42.91 |
| Restaurant Price Index | 82.05 |
| Climate Index | 85.69 |
| Cost of Living Index | 74.50 |
| Quality of Life Index | 155.35 |
| Traffic Index | 212.33 |
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| Parameters | Miami |
|---|---|
| Restaurants | |
| Meal, Inexpensive Restaurant | $ 25.00 |
| Meal for 2 People, Mid-range Restaurant, Three-course | $ 100.00 |
| McMeal at McDonalds (or Equivalent Combo Meal) | $ 12.00 |
| Domestic Beer (0.5 liter draught) | $ 7.00 |
| Imported Beer (0.33 liter bottle) | $ 8.00 |
| Coke/Pepsi (0.33 liter bottle) | $ 2.69 |
| Water (0.33 liter bottle) | $ 2.14 |
| Cappuccino (regular) | $ 4.82 |
| Markets | |
| Milk (regular), (1 liter) | $ 1.17 |
| Loaf of Fresh White Bread (500g) | $ 3.61 |
| Eggs (regular) (12) | $ 3.89 |
| Local Cheese (1kg) | $ 13.35 |
| Water (1.5 liter bottle) | $ 2.07 |
| Bottle of Wine (Mid-Range) | $ 12.99 |
| Domestic Beer (0.5 liter bottle) | $ 2.00 |
| Imported Beer (0.33 liter bottle) | $ 2.37 |
| Cigarettes 20 Pack (Marlboro) | $ 9.00 |
| Apples (1kg) | $ 5.69 |
| Chicken Fillets (1kg) | $ 10.47 |
| Oranges (1kg) | $ 3.70 |
| Potato (1kg) | $ 2.38 |
| Lettuce (1 head) | $ 2.56 |
| Rice (white), (1kg) | $ 3.92 |
| Tomato (1kg) | $ 4.47 |
| Banana (1kg) | $ 1.89 |
| Onion (1kg) | $ 3.04 |
| Beef Round (1kg) (or Equivalent Back Leg Red Meat) | $ 14.32 |
| Transportation | |
| One-way Ticket (Local Transport) | $ 2.25 |
| Monthly Pass (Regular Price) | $ 115.00 |
| Gasoline (1 liter) | $ 0.92 |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | $ 35 000.00 |
| Taxi Start (Normal Tariff) | $ 2.98 |
| Taxi 1km (Normal Tariff) | $ 1.30 |
| Taxi 1hour Waiting (Normal Tariff) | $ 24.00 |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | $ 24 955.19 |
| Utilities (Monthly) | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment | $ 170.11 |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | $ 61.83 |
| $ 56.94 | |
| Salaries And Financing | |
| Average Monthly Net Salary (After Tax) | $ 4 289.41 |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.57 |
| Sports And Leisure | |
| Fitness Club, Monthly Fee for 1 Adult | $ 68.17 |
| Tennis Court Rent (1 Hour on Weekend) | $ 23.86 |
| Cinema, International Release, 1 Seat | $ 15.00 |
| Clothing And Shoes | |
| 1 Pair of Jeans (Levis 501 Or Similar) | $ 46.50 |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | $ 43.13 |
| 1 Pair of Nike Running Shoes (Mid-Range) | $ 80.28 |
| 1 Pair of Men Leather Business Shoes | $ 96.67 |
| Childcare | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | $ 1 162.50 |
| International Primary School, Yearly for 1 Child | $ 28 333.33 |
Data are provided by Numbeo.com and are based on its users survey. Florida.realestate can not guarantee the validity of these data.
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CityMiami
Address1159 NW 4th St, Miami FL 33128
TypeCommercial property
Living space137.96 m²
- m²
- sq. ft
Completion dateIV quarter, 1923
Parking places6
Price
- Price
- per m²
$ 1 250 000
- EUR €
- USD $
- RUB ₽
- GBP £
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