855.725.5890
Address244 Nw 34Th St, Miami, FL, 33127-3458
Price$2,400,000
- Commercial Sale
- Built in 1925
This 8-unit multifamily building in Miami's trendy Wynwood Norte offers a unique investment chance for $2.4 million. The location boasts vibrant street art, diverse restaurants, and exciting nightlife, with high-end shops and beaches nearby. Recent zoning changes by the city allow for significantly denser development, making the property highly attractive for potential future expansion. Additionally, the building offers immediate returns with a 5.19% cap rate and the potential for even higher returns (6.50%) based on projected rents. Whether you choose to keep the current setup or explore redevelopment opportunities, this property positions you to capitalize on Wynwood Norte's booming cultural and entertainment scene.
Essential Information
- MLS® #A11546009
- Price$2,400,000
- Bathrooms0.00
- Acres0.00
- Year Built1925
- TypeCommercial Sale
- Sub-TypeMulti Family
- StatusActive
Community Information
- Address244 Nw 34Th St
- Area31
- CityMiami
- CountyMiami-Dade County
- StateFL
- Zip Code33127-3458
Additional Information
- Date ListedMarch 6th, 2024
- Days on Website118
Listing Details
Office
Fausto Commercial Realty Consultants Inc
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