Unapproved Short Sale. Exceptional opportunity to acquire an income-producing duplex in the heart of Wynwood with significant redevelopment potential. Currently fully rented, this property offers immediate cash flow while providing investors and developers the opportunity to capitalize on one of Miami’s fastest-growing neighborhoods. Zoned T4 with the NRD-2 Overlay, the… Read More property allows for the development of up to 18 residential units. The neighboring property at 241 NW 34th Terrace allows for up to 13 residential units, creating a unique assemblage opportunity with the potential for a larger-scale development project.Added advantage: develop without on-site parking by contributing to the applicable parking fund, maximizing flexibility. Near Wynwood, Midtown, Design District, Downtown Miami, and major corridors, offering current income plus long-term upside.Property Highlights: Short Sale Opportunity, Fully rented duplex with immediate income, T4 Zoning with NRD-2 Overlay, Development potential for up to 18 units, Adjacent to 241 NW 34th Terrace (up to 13 units), Potential assemblage opportunity, No on-site parking required (parking fund contribution applies), Prime Wynwood location, Minutes to Midtown, Design District, Downtown Miami & I-95, Ideal for investors and developers.Buyer to independently verify zoning, density, development rights, assemblage potential, and parking requirements. Read Less
Courtesy of Lifestyle International Realty 305-809-8085
Listing Snapshot
Days Online
133
Last Updated
Property Type
Quadruplex
Square Ft.
2,784
Year Built
1926
MLS Number
A11925609
Additional Details
Building
Built in 1926, Living area: 2784.0, 2 stories, Construction Materials: CBS
Community
4 units in community
Cooling
Central Air
Floors
Tile
Heating
Separate Meters, None
Income
Gross Income: $5,550
Property
Resale
Roof
Flat
Sewer
Public Sewer
Taxes
Parcel Number: 0131250190680, Annual Amount: $15,524, Legal Description: WYNDWOOD PARK PB 5-23 LOT 15 BLK 4 OR 13193-1334 0287 1, Year: 2023, Zoning: 3900
Utilities
Cable Available
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