550 NORTH WEST 30TH ST, Miami
$1,695,000 USD
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| Address | 550 NORTH WEST 30TH ST, Miami |
| Building Name | NORTHERN BLVD TRACK |
| Type of Property | Quadruplex |
| Property Style | Quadruplex |
| Price | $1,695,000 |
| Property Status | Active |
| MLS Number | A11850757 |
| Living Area | 3319 |
| Year Built | 1930 |
| Folio Number | 01-31-25-024-1930 |
| Gross Rent Income | $136,800 |
| Net Operating Income | $88,920 |
| Zoning Information | 6107 |
| Days on Market | 71 |
Detailed 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 neighborhoods.
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Address Information
| State | Florida |
| City | Miami |
| County | Miami-Dade County |
| Zip Code | 33127 |
| Address | 550 NORTH WEST 30TH ST |
| Section | 25 |
| Zip Code (4 Digits) | 3764 |
Financial Information
| Price | $1,695,000 |
| Price per Foot | $0 |
| Folio Number | 01-31-25-024-1930 |
| Gross Rent Income | $136,800 |
| Net Operating Income | $88,920 |
| Tax Amount | $14,674 |
| Tax Year | 2024 |
Full Descriptions
| Detailed 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 neighborhoods. |
| Roof Description | Composition Roll, Flat Roof With Facade Front, Shingle |
| Floor Description | Tile |
| Cooling Description | Central Air, Electric, Wall / Window Unit (s) |
| Heating Description | Central, Electric, Window / Wall |
| Sewer Description | Public Sewer |
Property parameters
| Living Area | 3319 |
| Zoning Information | 6107 |
| Year Built | 1930 |
| Type of Property | Quadruplex |
| Style | Quadruplex |
| Building Name | NORTHERN BLVD TRACK |
| Development Name | NORTHERN BLVD TRACK |
| Construction Type | Concrete Block Construction |
| Stories Number | 2.000 |
| Street Direction | North West |
| Listed with | BZG International, LLC |