526 34th St ,Detached, Duplex, Buena Vista Est for Sale

526 34th St for Sale

Price $1,400,000.00

• Lot size 1960
• Year Build 1940
• Waterfront
• Zip 33127
• Style Detached
• Parking Description
• Pool Yes
• Status Active With Contract

Description

Development opportunity for investors in the hot Wynwood Norte submarket, sandwiched between Wynwood, Midtown, I-95 and I-195 (with easy access to the Design District, Edgewater and Downtown). This covered land play sits on a 6700 sqft T5-O site, which allows you to build up to 23 units, 20K sqft, 5 stories, with no parking requirements AS OF RIGHT (eligible for a bonus height up to 8 stories). Special zoning overlay allows for hotel / lodging use with double density (up to 46 units). Renderings show ACTUAL design of a 23-unit / 51-bedroom building (nine 3/3s, ten 2/2s, four studios) with roof deck and amenity space ? yes, it?s possible! Priced at a very favorable and realistic price per unit for a win-win deal. Current property was used as a duplex, sold as-is.

Seller is a developer-operator that has plans for a building that maximizes use and efficiency. Although plans are not included in the sale, Seller may be open to a JV partnership, depending on the buyer. Based on other buildings that the Seller builds and operates, a cap rate of 7% is achievable here. Pro forma is available. Seller has cleared over $500k in violations, but current property is sold as-is.

25 53 41 BUENA VISTA EST PB 4-191 LOT 3 LESS S10FT BLK 3 LOT SIZE 50.000 X 134 OR 12669-2039 0885 4

Less Than 1/4 Acre Lot

Development opportunity for investors in the hot Wynwood Norte submarket, sandwiched between Wynwood, Midtown, I-95 and I-195 (with easy access to the Design District, Edgewater and Downtown). This covered land play sits on a 6700 sqft T5-O site, which allows you to build up to 23 units, 20K sqft, 5 stories, with no parking requirements AS OF RIGHT (eligible for a bonus height up to 8 stories). Special zoning overlay allows for hotel / lodging use with double density (up to 46 units). Renderings show ACTUAL design of a 23-unit / 51-bedroom building (nine 3/3s, ten 2/2s, four studios) with roof deck and amenity space ? yes, it?s possible! Priced at a very favorable and realistic price per unit for a win-win deal. Current property was used as a duplex, sold as-is.

City:Miami,Zoning:3901,List A O R:A-Miami Association of REALTORS,Stories:1,Tax Year:2021,Flooring:1:Tile,Latitude:25.8081493,Cooling Y N:1,Heating Y N:1,List Price:1400000,Listing Id:A11293769,Longitude:-80.2040474,Mls Status:Active With Contract,Year Built:1940,Living Area:1960,Postal Code:33127,Street Name:34th St,Coordinates:1:25.8081493,Photos Count:27,Building Name:BUENA VISTA EST,Days On Market:4,Lot Size Units:Square Feet,M L S Area Major:Buena Vista Est,On Market Date:2022-10-25,Parcel Number:01-31-25-021-0260,Property Type:Residential Income,Stories Total:1,Street Number:526,M I A M I R E_ Style:Duplex,Public Remarks:Development opportunity for investors in the hot Wynwood Norte submarket, sandwiched between Wynwood, Midtown, I-95 and I-195 (with easy access to the Design District, Edgewater and Downtown). This covered land play sits on a 6700 sqft T5-O site, which allows you to build up to 23 units, 20K sqft, 5 stories, with no parking requirements AS OF RIGHT (eligible for a bonus height up to 8 stories). Special zoning overlay allows for hotel / lodging use with double density (up to 46 units). Renderings show ACTUAL design of a 23-unit / 51-bedroom building (nine 3/3s, ten 2/2s, four studios) with roof deck and amenity space ? yes, it?s possible! Priced at a very favorable and realistic price per unit for a win-win deal. Current property was used as a duplex, sold as-is.,County Or Parish:Miami-Dade County,Expiration Date:2023-05-31,List Office Name:LoKation,Private Remarks:Seller is a developer-operator that has plans for a building that maximizes use and efficiency. Although plans are not included in the sale, Seller may be open to a JV partnership, depending on the buyer. Based on other buildings that the Seller builds and operates, a cap rate of 7% is achievable here. Pro forma is available. Seller has cleared over $500k in violations, but current property is sold as-is.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:3431,Property Sub Type:Duplex,State Or Province:FL,Street Dir Prefix:NW,Subdivision Name:BUENA VISTA EST,Tax Annual Amount:1174,Unparsed Address:526 NW 34th St, Miami FL 33127,Listing Agreement:Exclusive Agency,Year Built Details:Effective Year Built,Building Area Total:1960,Building Area Units:Square Feet,M I A M I R E_ L P Amt Sq Ft:714.2857,Original List Price:1400000,Public Survey Range:31,Building Area Source:Building Plan/Survey,I D X Participation Y N:1,Number Of Units Total:2,Syndication Remarks:Development opportunity for investors in the hot Wynwood Norte submarket, sandwiched between Wynwood, Midtown, I-95 and I-195 (with easy access to the Design District, Edgewater and Downtown). This covered land play sits on a 6700 sqft T5-O site, which allows you to build up to 23 units, 20K sqft, 5 stories, with no parking requirements AS OF RIGHT (eligible for a bonus height up to 8 stories). Special zoning overlay allows for hotel / lodging use with double density (up to 46 units). Renderings show ACTUAL design of a 23-unit / 51-bedroom building (nine 3/3s, ten 2/2s, four studios) with roof deck and amenity space ? yes, it?s possible! Priced at a very favorable and realistic price per unit for a win-win deal. Current property was used as a duplex, sold as-is.,Listing Contract Date:2022-10-25,Originating System I D:miamire,Public Survey Section:25,Showing Instructions:Call Listing Agent,No Sign,See Broker Remarks,Street Number Numeric:526,Tax Legal Description:25 53 41 BUENA VISTA EST PB 4-191 LOT 3 LESS S10FT BLK 3 LOT SIZE 50.000 X 134 OR 12669-2039 0885 4,Public Survey Township:31,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:1%,M I A M I R E_ Adjusted Area S F:1593,Contract Status Change Date:2022-10-25,Internet Address Display Y N:1,Transaction Broker Compensation:2.5%,Internet Entire Listing Display Y N:1,Transaction Broker Compensation Type:%,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:714.29,