The subject property consists of two separate structures sitting on a 10,000 SF lot; a duplex with 3 bedrooms and 1 bathroom each on both the top and bottom floors, as well as an ancillary unit with 3 bedrooms and 2 bathrooms. All units are around 900 SF each. The property is currently 100% occupied with rents at $1,795 per month and a total gross income of $65,000. Rents are on a month-to-month basis and are determined to be under-market. The property is best seen as a covered land play, offering an investor the opportunity to ultimately take advantage of the Wynwood Norte NRD-2 zoning overlay for low-intensity infill development. The site carries an increased density of 150 d/U per acre, allowing for approximately 33 units.
Property Details
Price:
$2,490,000
MLS #:
A11404919
Status:
Active
Beds:
0
Baths:
0
Address:
255 NW 32nd St
Type:
Commercial
Subtype:
Mixed Use
City:
Miami
Listed Date:
Jun 16, 2023
State:
FL
Finished Sq Ft:
2,280
Total Sq Ft:
2,280
ZIP:
33127
Year Built:
1938
See this Listing
CENTURY 21 Carioti is a full service real estate company servicing the State of Florida with a headquarters in Orlando, FL.
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Schools
Interior
Exterior
Financial
Taxes
$9,399
Map
Community
- Address255 NW 32nd St Miami FL
- CityMiami
- CountyMiami-Dade County
- Zip Code33127
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Courtesy of Dwntwn Realty Advisors LLC. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Miami, FL. Detailed information about real estate listings held by brokerage firms other than CENTURY 21 Carioti include the name of the listing broker. Neither the listing company nor CENTURY 21 Carioti shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Miami, FL. All rights reserved.
255 NW 32nd St
Miami, FL
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