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Investment Opportunity

Miami Investmens

255 NW 32nd St Miami FL 33127 MLS #A11718805

255 NW 32nd St
Miami, FL, 33127
$1,850,000
Beds
0 Bathrooms
2,280 SqFt
0 Acres
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$1,850,000
255 NW 32nd St
Miami, FL, 33127
MLS #A11718805 image #0MLS #A11718805 image #1MLS #A11718805 image #2MLS #A11718805 image #3MLS #A11718805 image #4

Project Description

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 $1,995 per month and a total gross income of $71,820. 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. Seller Financing is available at very favorable times

Property Details

Price:
$1,850,000
MLS #:
A11718805
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Income/MultiFamily
Listed Date:
Jan 6, 2025
Finished Sq Ft:
2,280
Total Sq Ft:
2,280
Year Built:
1938
Other Type

Schools

Interior

Exterior

Financial

Taxes
$14,687

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Profitability of the Property

Net Monthly Income:
Annual Profitability of:
255 NW 32nd St
Miami, FL