246 1St St Florida City, FL 33034
Exceptional investment opportunity in Florida City, FL, presents a shovel-ready 8-unit multifamily development. This three-story building, totaling 8,975 square feet, sits on a 14,000 square foot corner lot at 246 SW 1st St, 33034, in Miami-Dade County. The modern design features a wood-paneled facade and spacious balconies for each unit. The ground floor offers 15 covered parking spaces (70% of the ground floor) and a welcoming lobby area. The upper two floors house the residential units: five 2-bedroom, 1-bathroom units (1,000 sq ft each); two 3-bedroom, 2-bathroom units (1,500 sq ft each); and one additional 2-bedroom, 1-bathroom unit (975 sq ft). High rental demand in this growing Florida City market makes this a standout investment opportunity. The asking price is $550,000. This project is ready for immediate development.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.