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Multi Family
Tools
Size
5,000 Sq Ft.
interior
Financial
$2,400,000
Change Currency
$480
Price Per Sqft
$17,997
Annual taxes
Listing Details
Multi Family
Property type
1925
Year Built
10735376
Web Id
2742997-A11546009
MLS ID
202
Days Posted
Description
244 NW 34th St,
Miami,
FL
33127
Miami, FL 33127
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.
Price History
| date | price | variance | type |
|---|---|---|---|
| 2/27/2024 | $2,400,000 | - | Listed |
Listing By: Fausto Commercial Realty Consultants Inc via Data Source: MIAMI MLS
listing agent: Vicente Rodriguez
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