255 NW 32nd St

Miami, FL 33127

$2,800,000

255 NW 32nd St

Miami, FL 33127

$2,800,000

  • Property Typeother
  • Sq Ft2,280
  • NeighbourhoodWynwood
  • Year Built1938
  • MLS #A11404919

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.

Interior

  • A/Ctrue, Central Building A/ C, Other
  • Heatingtrue, Central Electric, Wall/ Window Units

Exterior

  • Parking Free Parking, Other

Construction

  • General Brick

Location

  • Road/Access City Street
  • Originating MLS Miami Association of R E A L T O R Su00ae
  • County Miami- Dade County

Lot

  • Zoning3900, W Y N D W O O D P A R K P B 5-23 L O T S 16 & 17 B L K 15 L O T S I Z E 100.000 X 100, 01-31-25-019-2940
  • Current Use Special Purpose

Utilities

  • Water Public

Financial

  • Source Miami Association of R E A L T O R Su00ae, Miami Association of R E A L T O R Su00ae

Schools

  • DistrictDade County School District

Location

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