Basics
- Lot Size Units: Square Feet
- Category: Commercial Sale
- Type: Multi Family
- Status: Active
- Bathrooms: 0
- Year built: 1925
- MLS ID: A11546009
Description
-
Description:
This 8-unit multifamily building in Miami's 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 Norte's booming cultural and entertainment scene.
Show all description
Property details
- Total Building Area: 5456
- Lot Size Square Feet: 5000
- Parcel Number: 01-31-25-019-1720
- Lot Size Area: 5000
- Structure Type: Apartment
Property Features
- Covered Spaces: 0
Location Details
- County Or Parish: Miami-Dade County
- Zoning Description: 3900
Fees & Taxes
- Tax Annual Amount: 17997
- Tax Legal Description: 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
Miscellaneous
- Public Survey Township: 1
- Public Survey Section: 25
- Virtual Tour URL: https://www.propertypanorama.com/instaview/mia/A11546009
Ask our real estate expert about this property
This Multi Family-type commercial real estate is located in 34th St, Miami, was built in 1925, and is listed at $2,400,000.