Price Reduced 15.15%
Price History
$3,300,000
6/16/2023
$2,800,000
10/2/2023
255 NW 32nd St, Miami, FL, 33127
1938
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.
Status:
Active
Type:
Commercial
Zoning:
3900
Est. Taxes:
$9,399
Days on Market:
126
MLS #:
A11404919
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Listing courtesy of Dwntwn Realty Advisors LLC Phone: 305-909-7343