1254 SW 2nd St Miami, FL 33135

Listing office Fausto Commercial Realty Consultants Inc C*@faustocommercial.com Show Phone

Listing date Nov 28, 2025

Source Elliman

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Investment Insights

Based on property information with market context.

A uniquely designed 21-unit multifamily building is under construction and scheduled for completion with a certificate of occupancy by January 2026. Located in Little Havana, the property can be operated as apartments under the City of Miami double density workforce program. The program requires 3 units at 30% AMI, 2 units at 50% AMI, and 16 units at 140% AMI (average median income). The property benefits from a 100% parking exemption, reducing construction costs and potentially keeping rents affordable. The unit mix includes 20 oversized studios (400-460 SF), which can be easily converted to one-bedroom units, and 1 one-bedroom unit (500 SF). Alternatively, motel or lodging operators can obtain licensure to operate a combination of units for short-term rentals.

Key Highlights

• Certificate of Occupancy Expected January 2026: New construction 21‑unit multifamily building in Little Havana.
• Double Density Workforce Program Eligibility: Can be operated as apartments under City of Miami program with AMI restrictions.
• 100% Parking Exemption: Reduced construction costs, potentially leading to affordable rents.

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FAQs

What type of property is this?

Apartment building - 21-unit multifamily building in Little Havana, delivery January 2026.

Where is this apartment building located?

The property is located at 1254 SW 2nd St Miami, FL.

What is the asking price?

The asking price for this property is $6,999,999.

What are key features of this property?

This property features: Certificate of Occupancy Expected January 2026: New construction 21‑unit multifamily building in Little Havana.; Double Density Workforce Program Eligibility: Can be operated as apartments under City of Miami program with AMI restrictions.; 100% Parking Exemption: Reduced construction costs, potentially leading to affordable rents.