1873 Flagler St Miami, FL 33135

This exceptional mixed-use property, located at 1873 W Flagler St in Miami, Florida, presents a compelling investment opportunity. Built in 1949, this building comprises two commercial units and eight residential units, seven of which are one-bedroom, one-bathroom apartments, and one is a two-bedroom, two-bathroom unit. The property currently generates a monthly income of $11,195. Situated in the heart of Little Havana on the vibrant Flagler Street commercial corridor, this asset benefits from excellent transit connectivity and walkability. The underlying T68O zoning allows for high-density redevelopment, offering various options including up to 150 dwelling units per acre, 29 residential units, or 59 hotel keys, with potential for even greater density under SB102. Below-market rents provide significant value-add potential. The property's location within a rapidly developing area, characterized by new residential projects and increased retail activity, ensures strong future growth prospects. This is an ideal investment for those seeking exposure to Miami's thriving real estate market, benefiting from its central location near major employment centers and the rich cultural amenities of Little Havana. The asking price for this remarkable property is $1,450,000. The zip code is 33135.