Develop 109 units in Little Havana | Miami, FL

Highlights:

• Build up to 109 units using Live Local
• Little Havana Development Site
• Between Hospital District, Brickell, Gables & Grove
• Near NW 12th Ave & Flagler St. at 1334 SW 1st St
• Development fronts street-to-street SW 1st to SW 2nd Street
• Email agent for the Offering Memorandum "OM"

Description:

Potential Seller financing on Land to Develop 109 Units in Little Havana Land Site, minutes to UM Hospitals, Brickell/Downtown Miami, Gables, Grove, & MIA. Proposed 8 stories on an assemblage of 4-lots fronting SW 1st & 2nd Streets. Apartment mix of market rate rentals & 71 Live-Local Act Submission to equal 109 units. Covered Land Play receives $17,000/mo rents currently. Renderings by MODIS Architects. See attached OM. Seller willing to take $2,250,000 at closing on a sales price of $6,250,000 and a 4,000,000 loan/(note) at 4.5% annual interest w/ a balloon payment due 18 months or earlier of construction loan.