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$1,695,000
Est. payment /mo
3,522 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,522 sqft
Price per Sqft $481
MLS Listing ID A11849138
HOA Y/N No
Year Built 1930
Annual Tax Amount $14,674
Lot Size 6,350 Sqft
Property Sub-Type Multi Family
Property Description
Located in the heart of Wynwood Norte is a prime investment opportunity offering strong in-place income with significant redevelopment potential. The property consists of two separate structures: A fully furnished 4-bedroom single-family home, currently leased to a short-term rental operator and a second building featuring four fully leased 1-bedroom apartments. Together, the property generates a solid monthly rental income of $11,400. Zoned T5-L, the site allows for future redevelopment of up to 22 residential units or 43 hotel units, presenting long-term upside in one of Miami's most dynamic and rapidly evolving neighborhoods. This is a rare opportunity to acquire a stable asset with excellent cash flow and high-density zoning in one of Miami's most sought-after opportunity zones.
Location
State FL
County Miami-dade
Area 31
Exterior
Private Pool Yes
Building
Story 2
Level or Stories Two
Others
Tax ID 01-31-25-024-1930
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11849138
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Listed by BZG International, LLC