244 NW 32nd St, Miami, FL, 33127
244 NW 32nd St, Miami, FL, 33127 - Image 2244 NW 32nd St, Miami, FL, 33127 - Image 3244 NW 32nd St, Miami, FL, 33127 - Image 4244 NW 32nd St, Miami, FL, 33127 - Image 5

244 NW 32nd St, Miami, FL, 33127

7 bedrooms · 3 baths · 1,800 sq.ft.

Wynwood Norte | Covered Land Play - 24-Unit By-Right Development with Income In Place A rare chance to enter one of Miami's hottest corridors with cash flow from day one and a clear path to 24 units - no variances, no parking, just execute. The existing +/-2,000 SF triplex generates $4,000/month ($34,200 NOI), with tenants covering utilities and maintenance - keeping carry costs low while you permit and design. Zoned T4-R within the NRD-2 overlay, the site allows up to 150 units/acre by right, with zero parking requirements and zero variances needed - multifamily or fee-simple townhomes, your call. Just west of Midtown Miami and the Design District, Wynwood Norte sits in one of South Florida's most active development pipelines - 6,000+ units and 2M+ SF of office planned nearby. Easy access to I-95, Wynwood, Edgewater, Downtown, and Miami Beach. Our team has closed 5 sites in Wynwood Norte and can support you on design, underwriting, entitlements, and introductions to lenders, architects, and builders who know this market. Income in place. Simple zoning. No parking headaches. No variance risk. Just execute. DO NOT DISTURB TENANTS - Showings by appointment only.

Information

Property typeMulti Family
Size1,800 sq.ft.
Year built1937
Stories2
Price per sq.ft.USD 653
Last sold2014-02-12
Last sold priceUSD 174,600
CountyMiami-Dade
ZIP code33127
LocationMiami, United States

USD 1,175,000

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Where it's located

Miami, United States

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