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David Block PA

d.blockrealtor@gmail.com +1(954) 833-0077

$1,140,000

Est. payment - /mo

2,784 SqFt

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,784 sqft

Price per Sqft $409

Subdivision Wynd Wood Park

MLS Listing ID A11925609

Construction Status Resale

HOA Y/N No

Total Fin. Sqft 2784

Year Built 1926

Annual Tax Amount $15,524

Tax Year 2023

Property Sub-Type Quadruplex

Property Description

Exceptional opportunity to acquire an income-producing duplex in the heart of Wynwood with significant redevelopment potential. Currently fully rented, this property offers immediate cash flow while providing investors and developers the opportunity to capitalize on one of Miami's fastest-growing neighborhoods. Zoned T4 with the NRD-2 Overlay, the property allows for the development of up to 18 residential units. The neighboring property at 241 NW 34th Terrace allows for up to 13 residential units, creating a unique assemblage opportunity with the potential for a larger-scale development project.Added advantage: develop without on-site parking by contributing to the applicable parking fund, maximizing flexibility. Near Wynwood, Midtown, Design District, Downtown Miami, and major corridors, offering current income plus long-term upside.Property Highlights: Short Sale Opportunity, Fully rented duplex with immediate income, T4 Zoning with NRD-2 Overlay, Development potential for up to 18 units, Adjacent to 241 NW 34th Terrace (up to 13 units), Potential assemblage opportunity, No on-site parking required (parking fund contribution applies), Prime Wynwood location, Minutes to Midtown, Design District, Downtown Miami & I-95, Ideal for investors and developers.Buyer to independently verify zoning, density, development rights, assemblage potential, and parking requirements.

Location

State FL

County Miami-dade

Area 2310

Zoning 3900

Interior

Interior Features InteriorFeatures

Heating None, Separate Meters

Cooling Central Air

Flooring Tile

Fireplace No

Exterior

Utilities Available Cable Available

Roof Type Flat

Total Parking Spaces 4

Private Pool No

Building

Dwelling Type Multi Family

Story 2

Sewer Public Sewer

Structure Type Block

New Construction No

Construction Status Resale

Schools

Elementary Schools Eneida Massas Hartner

Middle Schools Jose De Diego

High Schools Booker T. Washington

Others

Tax ID 0131250190680

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Short Sale

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Listed by Sherry Lebowitz Lifestyle International Realty

NEARBY SCHOOL & BUSINESS

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David Block PA

+1(954) 833-0077

Agent | License ID: SL3467871

Agent License ID: SL3467871

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251 NW 34th TER Miami, FL 33127

David Block PA

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

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