Preferences

255 NW 32nd St

Miami, Florida, 33127, United States

Property ID: #668252 // commercial
255 NW 32nd St
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Traditional Sale
List Price:
$2,800,000.00
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Icon 0.23 acres
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Address:
255 NW 32nd St
City:
Miami
State:
Florida
Zip Code:
33127
County:
Miami-Dade County
Country:
United States
Property Type:
Commercial
Additional Property Types:
Mixed Use
Year Built:
1938
Lot Size:
0.23 acres
Data Source:
Miami MLS
MLS/Reference Number(s):
A11404919
Source Status:
Active
Source Property Type:
Commercial, Mixed Use

Property Provided By

  • Rayza Perez
  • Dwntwn Realty Advisors LLC
  • +1 (786) 325-9928
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Property Information

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.

Source Disclaimer

Miami MLS

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Courtesy of Dwntwn Realty Advisors LLC.
Information herein is deemed reliable but not guaranteed and is provided exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
This content last updated on 2023-10-20 15:37:38. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.


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