Active
255 NW 32nd St
Miami FL, 33127
$2,800,000
$1,228.07 per sqft
Active
2,280 sqft
Commercial
Built in 1938
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.
A11404919
MLSⓇ ID
June 16, 2023
Listed
May 9, 2024
Updated
Map
255 NW 32nd St
Miami FL, 33127
Interior Features
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.23 Acres
Other Property Details
Taxes
$9,399
Tax Frequency
Annually
Days on Market
126
Garage
No
View
No
County
Miami-Dade County
Pool
No
Zoning
3900
Buyer Agency Compensation
3%
Listing History
Date | Event | Price |
|---|---|---|
10/2/2023 | Price Change | $2,800,000 -16% |
6/16/2023 | Price Change | $3,300,000 99900% |
Listed by: Dwntwn Realty Advisors LLC
Listing Contact: 786-325-9928
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Data last updated 3:09 AM UTC, 5/9/2024.