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Multi Family - NORTHERN BLVD TRACK for Sale

550 NW 30TH ST, MIAMI, FL 33127

Asking Price$1,695,000

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  • Days on market:

    84 day(s)
  • Adjusted Area:

    1646 sqft
  • Original Price:

    $1,695,000
  • Price per sqft:

    $510.7
  • 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
  • Tax Year:

    2024
  • Property Type:

    Multi Family
  • Style:

    Fourplex
  • Construction Type:

    Concrete Block Construction
  • Roof:

    ShingleComposition RollFlat Roof With Facade Front
  • Cooling Description:

    ElectricCentral AirWall/Window Unit(s)
  • Heating Description:

    Window/WallElectricCentral
  • Floor Description:

    Tile
  • Lot Features:

    Less Than 1/4 Acre Lot
  • Type of Association:

    None

Description

$1,695,000 • living size area 3319 sqft

Located in the heart of wynwood norte is a prime investment opportunity offering strong in-place income with significant redevelopment potential. the property consists of two separate structures: a fully furnished 4-bedroom single-family home, currently leased to a short-term rental operator and a second building featuring four fully leased 1-bedroom apartments. together, the property generates a solid monthly rental income of $11,400. zoned t5-l, the site allows for future redevelopment of up to 22 residential units or 43 hotel units, presenting long-term upside in one of miami’s most dynamic and rapidly evolving neighborhoods. this is a rare opportunity to acquire a stable asset with excellent cash flow and high-density zoning in one of miami’s most sought-after neighborhoods.

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