$9,250,000

Est. payment -/mo

$9,750,000

5.1%

Est.Price: ?

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1250 SW 6th St Miami, FL 33135

35,732 SqFt

SOLD DATE : 05/05/2022

Key Details

Sold Price $9,250,000

Property Type Multi-Family

Sub Type Multi Family

Listing Status Sold

Purchase Type For Sale

Square Footage 35,732 sqft

Price per Sqft $258

MLS Listing ID A11106733

Sold Date 05/05/22

HOA Y/N No

Year Built 1929

Annual Tax Amount $107,165

Contingent No Contingencies

Lot Size 0.344 Acres

Property Sub-Type Multi Family

Property Description

Fausto Commercial is proud to exclusively present 1250 SW 6 ST, a fully functioning and rented residential community, centric to all of Miami's major employment engines such as Brickell, DownTown Miami, Coral Gables, Civic & Health District, Airport, & more. Population continues flooding to the already strained rental markets of Miami's urban core. Miami has already skyrocketed to the US's 2nd most expensive rental market, & this growing demand in a market that is supply-constrained due to cost of land and materials, means pricing has a long and sustainable path for growth and ultra-low vacancies. The zoning allows for extra-flexibility in permitting short-term rentals, particularly useful as this site s a block from the major tourist drag of Little Havana, drawing 3M+ residents per year.