2 months on rocket

1254 SW 2nd St, Miami, FL, 33135

$1,850,000

0.16 Acres
Land
Schools Nearby

Location

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Property Highlights

Home TypeOther
MLS #A11527894
Lot Size0.16 Acres
StatusActive

About 1254 SW 2nd St

A very uniquely designed “shovel-ready” land development opportunity in Little Havana to build a 21-unit multifamily building is now available. This site can be operated in a traditional sense under City of Miami double density workforce program as apartments; 3 units 30% AMI, 2 units at 50% AMI, and 16 units at 140% AMI (average median income). It has a 100% parking exemption which reduces cost of construction to developers comparing alternate site in the area. 20 Units are oversized Studios (easily converted to 1 bedroom, 400-460 SF), and 1 one bedroom (500 SF). An alternative strategy, by paying deferred impact fees, motel/lodging use operators can get licensure to operate this for short-term rental.

Property Details

Property Features

Listing Office:

  • Office Name: Fausto Commercial Realty Consultants Inc
  • Office Phone: (305) 431-2258
  • Listing Agent: Mauricio Villasuso

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  • Virtual Tour: 1254 SW 2nd St

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Lot Features

Lot Information:

  • Lot: Irregular Lot
  • Lot Size: 0.16 Acres

School Info

Assigned Schools Information:

  • Booker T. Washington Senior High School, Public Magnet Grades 9-12
  • Jose De Diego Middle School, Public District Grades 6-8
  • Riverside Elementary School, Public District Grades PK-5

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,850,000

Tax Information:

  • Annual Amount: $7,162
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Miami, FL.

Med. Sold Price

$540K

Med. Price/SqFt

$380

Avg. Days On Market

59

# of Sold Homes

883

1254 SW 2nd St vs Miami

82 DAYS ON ROCKET

+23 Days

$1,850,000

+$1.3M More

KEY TAKEAWAY

This property is $1.3M more than the Median Sold Price in Miami, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SEFMIAMI
  • MLS Number: #A11527894

Listing Office:

  • Office Name: Fausto Commercial Realty Consultants Inc
  • Office Phone: (305) 431-2258
  • Listing Agent: Mauricio Villasuso

IDX © 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/28/2024, 3:25:14 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$7,162$318,414
2018$5,585$290,486
2017$4,634$255,605

History based on county public records data.

Payment Calculator

$9,301

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,613

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-1863298
3
/10
  • Riverside Elementary School

  • 1190 SW 2nd St

  • 0.13 miles

  • Public District Grades PK-5

Middle School

school-card-donut-1863299
1
/10
  • Jose De Diego Middle School

  • 3100 NW 5th Ave

  • 2.49 miles

  • Public District Grades 6-8

High School

school-card-donut-1863300
3
/10
  • Booker T. Washington Senior High School

  • 1200 NW 6th Ave

  • 1.24 miles

  • Public Magnet Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $21,905. The majority of Miami, FL residents have income less than $35k annually. The most common type of family is single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1254 SW 2nd St

What is the listing price of this property?

The listing price of 1254 SW 2nd St property is $1,850,000.

What type of property is this?

The property 1254 SW 2nd St is land located in Miami, Florida, 33135.

Is this property for sale now?

Active Listing: 1254 SW 2nd St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 1254 SW 2nd St are:
Riverside Elementary School: GreatSchools Rating 3/10
Jose De Diego Middle School: GreatSchools Rating 1/10
Booker T. Washington Senior High School: GreatSchools Rating 3/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $7,162 (source: MLS/based on county public records data).

How much acreage is this property?

The property 1254 SW 2nd St is 0.16 acres.
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Rocket HomesFloridaMiami-Dade CountyMiami331351254 SW 2nd St

This home is located at 1254 SW 2nd St in Miami, FL and zip code 33135 in the Little Havana neighborhood. This home sits on a 0.16 acre lot. It has been listed on Rocket Homes since February 06, 2024 and is currently priced at $1,850,000.

While more than 115 listings in Miami, FL in March 2024 were sold above asking price, there were more than 149 listings sold at asking price, and more than 619 were sold below. The number of listings in Miami, FL increased by 9.1% between February 2024 and March 2024. The median list price of listings available in March 2024 was $540,091, while the average time on the real estate market was 59 days.

From Rocket Homes Real Estate and based on county public records data.

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