We use technical and analytics cookies to ensure that we give you the best experience to our website
+1 646-431-8072
Back
WhatsApp agent
Share by:

Asking Price$1,985,000 Change Price$275,000

  • Lot size 6350sqft
  • Taxes $10,130
  • Year Built 1930
  • Days on market:

    168 day(s)
  • Original Price:

    $2,600,000
  • Tax Legal Description:

    NORTHERN BLVD TR PB 2-29 LOT 7 BLK 13 LOT SIZE 50.000 X 127 OR 19272-1703 08 2000 1 COC 22025-3482 01 2004 1
  • Property Type:

    Income/MultiFamily
  • Special Listing Conditions:

    Sale

Description

$1,985,000

Multi-family located in wynwood norte, just outside of the bustling heart of wynwood. the property contains 2 separate structures: 1 large 4 bed/2 bath unit & a 4-plex, offering an investor a level of diversification & the opportunity to tap into one of the fastest-growing neighborhoods in miami. falling under the nrd-2 zoning overlay, the site carries an increased density of 150 units to the acre compared to the 65 du/acre maximum in other areas of the city that share the t5 designation, allowing for a max. density of up to 21 units on this site. this property is best seen as a solid covered land play for a developer looking to ultimately take advantage of the strong redevelopment incentives while capitalizing on the in-place income for short-term or stable annual rentals.

Similar Properties in this Area

* MLS is not responsible for the accuracy of the information listed above. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program and the MLS and is provided here for consumers` personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than the office owning this website are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Data provided is deemed reliable but not guaranteed. Copyright MLS All rights reserved. Courtesy of One Sotheby's International Realty