Basic Information

  • MLS # A11546009
  • Type Commercial
  • Status Active
  • Subdivision/Complex
  • Year Built 1925
  • Total Sqft 5,000
  • Date Listed 03/06/2024
  • Days on Market 52
Description

This 8-unit multifamily building in Miamis trendy Wynwood Norte offers a unique investment chance for 2.4 million. The location boasts vibrant street art, diverse restaurants, and exciting nightlife, with high-end shops and beaches nearby.Recent zoning changes by the city allow for significantly denser development, making the property highly attractive for potential future expansion. Additionally, the building offers immediate returns with a 5.19 cap rate and the potential for even higher returns 6.50 based on projected rents.Whether you choose to keep the current setup or explore redevelopment opportunities, this property positions you to capitalize on Wynwood Nortes booming cultural and entertainment scene.

Exterior Features

  • Waterfront No
  • Pool No
  • Parking Spaces 0
  • Parking Description
  • Style Multi Family

Interior Features

  • Adjusted Sqft 5,000
  • Sqft 5,000

Property Features

  • Address 244 NW 34th St
  • Aprox. Lot Size 5,000
  • City Miami
  • County Miami-Dade County
  • Furnished Info No
  • Occupant Type Call Agent
  • Postal City Miami
  • Public Survey Township 1
  • Short Sale Regular Sale
  • Subdivision Complex
  • Subdivision Info
  • Tax Amount $17,997
  • Tax Information WYNDWOOD PARK PB 5-23 LOT 6 BLK 10 LOT SIZE 50.000 X 100 OR 17581-0943 0397 1 COC 22969-1481 23508-4141 1204 1
  • Tax Year 0
  • Type of Property Multi Family

244 NW 34th St

Miami, FL 33127

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The multiple listing information is provided by the Miami Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2023-present Miami Association of Realtors®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Fausto Commercial Realty Consultants Inc. tel: 305-431-2258

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