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$1,175,000
Est. payment /mo
1,800 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,800 sqft
Price per Sqft $652
Subdivision Wynd Wood Park
MLS Listing ID A12010516
HOA Y/N No
Year Built 1937
Annual Tax Amount $1,259,172
Tax Year 2025
Property Sub-Type Triplex
Property Description
Investment & Development Opportunity in Wynwood Norte
Seize a unique opportunity in the highly sought-after Wynwood Norte with this prime investment property. Strategically positioned near Wynwood, Midtown, and the Design District, this site offers immediate cash flow with massive future development upside.
Zoning & Development PotentialZoning: T4-R with the NRD-2 Zoning Overlay.
Density: Boasting 150 units per acre, allowing for the construction of up to 24 units by right.
Parking: Development can be completed without parking requirements.
Versatility: Alternatively, the site can be transformed into an upscale townhome development, benefiting from easy access to I-95.
Operational Highlights
Low Overhead: Tenants pay all utilities and maintenance, ensuring a streamlined operation for the owner.
Condition: The roof is in excellent shape—well-maintained with no leaks or issues.
Location & Market Growth
Nestled just south of the Design District and west of Midtown, Wynwood Norte is undergoing rapid growth following the expansion of Wynwood.
With over 6,000 residential units and 2 million square feet of office space in the immediate vicinity, this property is your chance to be part of the next big wave in Miami's dynamic real estate market.
Note: DO NOT DISTURB TENANTS.
Seize a unique opportunity in the highly sought-after Wynwood Norte with this prime investment property. Strategically positioned near Wynwood, Midtown, and the Design District, this site offers immediate cash flow with massive future development upside.
Zoning & Development PotentialZoning: T4-R with the NRD-2 Zoning Overlay.
Density: Boasting 150 units per acre, allowing for the construction of up to 24 units by right.
Parking: Development can be completed without parking requirements.
Versatility: Alternatively, the site can be transformed into an upscale townhome development, benefiting from easy access to I-95.
Operational Highlights
Low Overhead: Tenants pay all utilities and maintenance, ensuring a streamlined operation for the owner.
Condition: The roof is in excellent shape—well-maintained with no leaks or issues.
Location & Market Growth
Nestled just south of the Design District and west of Midtown, Wynwood Norte is undergoing rapid growth following the expansion of Wynwood.
With over 6,000 residential units and 2 million square feet of office space in the immediate vicinity, this property is your chance to be part of the next big wave in Miami's dynamic real estate market.
Note: DO NOT DISTURB TENANTS.
Location
State FL
County Miami-dade
Community Wynd Wood Park
Area 31
Interior
Heating None, Other
Cooling Central Air
Flooring Other
Exterior
Pool None
Utilities Available Cable Available
Roof Type Concrete
Total Parking Spaces 8
Private Pool No
Building
Lot Description < 1/4 Acre
Story 2
Sewer Public Sewer
Level or Stories Two
Structure Type Block
Others
Tax ID 01-31-25-019-3050
Acceptable Financing Cash
Listing Terms Cash
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Listed by Fausto Commercial Realty Consultants Inc
NEARBY SCHOOL & BUSINESS
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