255 Nw 32nd St, Miami, FL

$1,850,000

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About 255 Nw 32nd St

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

Features of 255 Nw 32nd St

MLS® # A11718805
Price $1,850,000
Bathrooms 0.00
Acres 0.00
Year Built 1938
Type Commercial
Sub-Type Multi Family
Status Active

Community Information

Address 255 Nw 32nd St
Area 31
City Miami
County Miami-Dade
State FL
Zip Code 33127-3743
HOPA No Hopa

Amenities

Is Waterfront No
Has Pool No

Interior

Fireplace No

Listing Details

OfficeDwntwn Realty Advisors LLC

Listing Map

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