255 NORTH WEST 32ND ST, Miami
$1,850,000 USD
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| Address | 255 NORTH WEST 32ND ST, Miami |
| Type of Property | Income / MultiFamily |
| Type of Business | Other Type |
| Price | $1,850,000 |
| Previous Price | $1,900,000 (206 days ago) |
| Property Status | Active |
| MLS Number | A11718805 |
| Property Size | 10000 |
| Lot Size | 10000 |
| Year Built | 1938 |
| Folio Number | 01-31-25-019-2940 |
| Zoning Information | 3900 |
| Days on Market | 207 |
Detailed Description: The subject property consists of two separate structures sitting on a 10,000 sq.ft 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 sq.ft 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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Address Information
| State | Florida |
| City | Miami |
| County | Miami-Dade County |
| Zip Code | 33127 |
| Address | 255 NORTH WEST 32ND ST |
| Section | 25 |
| Zip Code (4 Digits) | 3743 |
Financial Information
| Price | $1,850,000 |
| Price per Foot | $0 |
| Previous Price | $1,900,000 |
| Folio Number | 01-31-25-019-2940 |
| Tax Amount | $14,687 |
Full Descriptions
| Detailed Description | The subject property consists of two separate structures sitting on a 10,000 sq.ft 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 sq.ft 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 |
Property parameters
| Living Area | 10000 |
| Lot Size | 10000 |
| Total Acreage | 0.000 |
| Zoning Information | 3900 |
| Maximum Leasable Size | 10000 |
| Year Built | 1938 |
| Type of Property | Income / MultiFamily |
| Type of Business | Other Type |
| Street Direction | North West |
| Listed with | Dwntwn Realty Advisors LLC |