241 Nw 34th Ter, Miami, FL 33127

$1,040,000
1,576
SqFt

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List Price
$1,040,000
Price Change
▼ $100,000 1781575237
MLS
A11711586
Complex Name
Wynd Wood Park
Status
ACTIVE
Type
Multifamily
Living Area
1,576
Short Sale
Yes

Property Description

Approved Short Sale. Fully Remodeled & Income-Producing Duplex in Wynwood with 13 units potential. Rare opportunity to acquire a fully remodeled, income-producing duplex in the heart of Wynwood with exceptional redevelopment potential. Currently 100% leased, this property provides immediate cash flow while offering significant future upside for investors and developers. Zoned T4 with the NRD-2 Overlay, the property allows for the development of up to 13 residential units, making it an ideal opportunity to capitalize on one of Miami’s most dynamic and rapidly growing neighborhoods. An added advantage is the ability to develop without on-site parking requirements through contribution to the applicable parking fund, maximizing the site’s development potential and design flexibility. Located near Wynwood, Midtown Miami, the Design District, Downtown Miami,and major transportation corridors, this property combines current income with long-term development value. Property Highlights: Approved Short Sale, Fully remodeled duplex, Fully rented with immediate income, T4 Zoning with NRD-2 Overlay, Development potential for up to 13 residential units, No on-site parking requirement with contribution to applicable parking fund, Prime Wynwood location, Minutes from Midtown, Design District, Downtown Miami, and I-95,Excellent opportunity for investors and developers. Buyer to independently verify zoning, density, development rights, and parking requirements.

Additional Information

Days on Market
629
Style
Duplex
Short Sale
Yes
#Parking Spaces
4
Year Built
1939
Development Name
Wynd Wood Park
#Stories
2
Construction Type
Concrete Block Construction
Section
25

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Listing Courtesy of Lifestyle International Realty, Contact: