Miami
$3,890,000 USD
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| Address | Miami |
| Building Name | 118 NW 24TH ST |
| Type of Property | Quadruplex |
| Property Style | Quadruplex |
| Price | $3,890,000 |
| Previous Price | $3,915,000 (46 days ago) |
| Property Status | Active |
| MLS Number | A11827380 |
| Living Area | 2983 |
| Year Built | 1927 |
| Folio Number | 01-31-25-037-0420 |
| Zoning Information | 6101 |
| Days on Market | 111 |
Detailed Description: Covered Land Play with In-Place Multifamily Income in the Heart of Wynwood Gridline Properties is proud to present 118 NW 24th Street—an exceptional covered land investment located in the urban core of Wynwood, one of Miami’s most transformative neighborhoods. Situated on a 7,500 sq.ft lot, the property is improved with a 2,620 sq.ft multifamily structure configured into eight residential units, currently producing stable in-place income. With flexible T5-O zoning, this site offers a unique opportunity to generate immediate cash flow while strategically land banking for future vertical development. 118 NW 24th Street is ideally positioned for future repositioning or redevelopment up to five stories, with a mix of residential, retail, or short-term rental uses.
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Address Information
| State | Florida |
| City | Miami |
| County | Miami-Dade County |
| Zip Code | 33127 |
| Section | 25 |
| Zip Code (4 Digits) | 4458 |
Financial Information
| Price | $3,890,000 |
| Price per Foot | $0 |
| Previous Price | $3,915,000 |
| Folio Number | 01-31-25-037-0420 |
| Association Fee Paid | Annually |
| Tax Amount | $55,984 |
| Tax Year | 2025 |
Full Descriptions
| Detailed Description | Covered Land Play with In-Place Multifamily Income in the Heart of Wynwood Gridline Properties is proud to present 118 NW 24th Street—an exceptional covered land investment located in the urban core of Wynwood, one of Miami’s most transformative neighborhoods. Situated on a 7,500 sq.ft lot, the property is improved with a 2,620 sq.ft multifamily structure configured into eight residential units, currently producing stable in-place income. With flexible T5-O zoning, this site offers a unique opportunity to generate immediate cash flow while strategically land banking for future vertical development. 118 NW 24th Street is ideally positioned for future repositioning or redevelopment up to five stories, with a mix of residential, retail, or short-term rental uses. |
| Roof Description | Other |
| Floor Description | Tile |
| Cooling Description | Other |
| Heating Description | None |
| Sewer Description | Other |
Property parameters
| Living Area | 2983 |
| Zoning Information | 6101 |
| Year Built | 1927 |
| Type of Property | Quadruplex |
| Style | Quadruplex |
| Building Name | 118 NW 24TH ST |
| Development Name | 118 NW 24TH ST |
| Construction Type | Other |
| Stories Number | 1.000 |
| Listed with | Gridline Properties |