Property 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

Address Map
FL
Miami-Dade County
Miami
33127
255 NW 32nd St
0
W81° 47' 57.6''
N25° 48' 24.3''
MLS Addon
43
: Sale
$14,687
3900

Commercial Sale For Sale

255 NW 32nd St, Miami, Florida 33127

10,000 Sqft
$1,900,000
Listing ID #A11718805
Basic Details
Property Type : Commercial Sale
Property SubType : Mixed Use
Listing Type : For Sale
Listing ID : A11718805
Price : $1,900,000
Year Built : 1938
Lot Area : 10,000 Sqft
Building Area : 2,280 Sqft
Status : Active
Agent info
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