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$ 1,140,000
Est. payment /mo
Price Dropped by $10K
251 NW 34th Ter Miami, FL 33127
2,784 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,784 sqft
Price per Sqft $409
Subdivision Wynd Wood Park
MLS Listing ID A11925609
Style Fourplex
HOA Y/N No
Year Built 1926
Annual Tax Amount $15,524
Tax Year 2023
Property Sub-Type Quadruplex
Property Description
Exceptional opportunity to acquire an income-producing duplex in the heart of Wynwood with significant redevelopment potential. Currently fully rented, this property offers immediate cash flow while providing investors and developers the opportunity to capitalize on one of Miami's fastest-growing neighborhoods. Zoned T4 with the NRD-2 Overlay, the property allows for the development of up to 18 residential units. The neighboring property at 241 NW 34th Terrace allows for up to 13 residential units, creating a unique assemblage opportunity with the potential for a larger-scale development project.
Added advantage: develop without on-site parking by contributing to the applicable parking fund, maximizing flexibility. Near Wynwood, Midtown, Design District, Downtown Miami, and major corridors, offering current income plus long-term upside.
Property Highlights: Short Sale Opportunity, Fully rented duplex with immediate income, T4 Zoning with NRD-2 Overlay, Development potential for up to 18 units, Adjacent to 241 NW 34th Terrace (up to 13 units), Potential assemblage opportunity, No on-site parking required (parking fund contribution applies), Prime Wynwood location, Minutes to Midtown, Design District, Downtown Miami & I-95, Ideal for investors and developers.
Buyer to independently verify zoning, density, development rights, assemblage potential, and parking requirements.
Added advantage: develop without on-site parking by contributing to the applicable parking fund, maximizing flexibility. Near Wynwood, Midtown, Design District, Downtown Miami, and major corridors, offering current income plus long-term upside.
Property Highlights: Short Sale Opportunity, Fully rented duplex with immediate income, T4 Zoning with NRD-2 Overlay, Development potential for up to 18 units, Adjacent to 241 NW 34th Terrace (up to 13 units), Potential assemblage opportunity, No on-site parking required (parking fund contribution applies), Prime Wynwood location, Minutes to Midtown, Design District, Downtown Miami & I-95, Ideal for investors and developers.
Buyer to independently verify zoning, density, development rights, assemblage potential, and parking requirements.
Location
State FL
County Miami-dade
Community Wynd Wood Park
Area 31
Interior
Heating None
Cooling Central Air
Flooring Tile
Exterior
Pool None
Utilities Available Cable Available
Roof Type Flat
Total Parking Spaces 4
Private Pool No
Building
Lot Description < 1/4 Acre
Story 2
Sewer Public Sewer
Architectural Style Fourplex
Level or Stories Two
Structure Type Block
Others
Tax ID 01-31-25-019-0680
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Short Sale
Listed by Lifestyle International Realty