Address
Open on Google Maps- Address 255 NW 32nd St
- City Miami
- State/county FL
- Zip/Postal Code 33127
Details
Updated on April 9, 2025 at 3:18 pm- Price: $1,850,000
- Property Size: 2280
- Garage Size: x x
- Year Built: 1938
- Property Type: Commercial Sale, Multi Family
- Property Status: Active
- Property Sub Type: Multi Family
Additional details
- County: Miami-Dade
- Property Type: Commercial Sale
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
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