Eric Miller
Cell: 954-383-8170
255 Nw 32nd St, Miami
$2,800,000
0 Bed
0 Bath
0 Acre
0 Garage
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.
Essential Information
MLS® #A11404919
Price$2,800,000
Bathrooms0.00
Acres0.00
Year Built1938
TypeCommercial
Sub-TypeMixed Use
StatusActive
Community Information
Address255 Nw 32nd St
Area31
CityMiami
CountyMiami-Dade County
StateFL
Zip Code33127-3743
Additional Information
Date ListedJune 16th, 2023
Days on Market339
Listing Details
Listing Courtesy ofDwntwn Realty Advisors LLC
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