255 32nd St ,Mixed Use, Residential-multi-family for Sale

255 32nd St for Sale

Price $2,490,000.00

• Lot size 10000
• Year Build 1938
• Waterfront
• Zip 33127
• Style
• Parking Description
• Pool Yes
• Status Active

Description

The subject property consists of two separate structures sitting on a 10,000 SF lot; a duplex with 3 bedrooms and 1 bathroom each on both the top and bottom floors, as well as an ancillary unit with 3 bedrooms and 2 bathrooms. All units are around 900 SF each. The property is currently 100% occupied with rents at $1,795 per month and a total gross income of $65,000. Rents are on a month-to-month basis and are determined to be under-market. The property is best seen as a covered land play, offering an investor the opportunity to ultimately take advantage of the Wynwood Norte NRD-2 zoning overlay for low-intensity infill development. The site carries an increased density of 150 d/U per acre, allowing for approximately 33 units.

For showings and questions please call George 310-710-5080

WYNDWOOD PARK PB 5-23 LOTS 16 & 17 BLK 15 LOT SIZE 100.000 X 100

The subject property consists of two separate structures sitting on a 10,000 SF lot; a duplex with 3 bedrooms and 1 bathroom each on both the top and bottom floors, as well as an ancillary unit with 3 bedrooms and 2 bathrooms. All units are around 900 SF each. The property is currently 100% occupied with rents at $1,795 per month and a total gross income of $65,000. Rents are on a month-to-month basis and are determined to be under-market. The property is best seen as a covered land play, offering an investor the opportunity to ultimately take advantage of the Wynwood Norte NRD-2 zoning overlay for low-intensity infill development. The site carries an increased density of 150 d/U per acre, allowing for approximately 33 units.

City:Miami,Zoning:3900,List A O R:A-Miami Association of REALTORS,Latitude:25.8067462,List Price:2490000,Listing Id:A11404919,Longitude:-80.2006654,Mls Status:Active,Year Built:1938,Postal Code:33127,Street Name:32nd St,Coordinates:1:25.8067462,Photos Count:5,Days On Market:488,Lot Size Units:Square Feet,M I A M I R E_ Area:31,On Market Date:2023-06-16,Parcel Number:01-31-25-019-2940,Property Type:Commercial Sale,Street Number:255,Public Remarks:The subject property consists of two separate structures sitting on a 10,000 SF lot; a duplex with 3 bedrooms and 1 bathroom each on both the top and bottom floors, as well as an ancillary unit with 3 bedrooms and 2 bathrooms. All units are around 900 SF each. The property is currently 100% occupied with rents at $1,795 per month and a total gross income of $65,000. Rents are on a month-to-month basis and are determined to be under-market. The property is best seen as a covered land play, offering an investor the opportunity to ultimately take advantage of the Wynwood Norte NRD-2 zoning overlay for low-intensity infill development. The site carries an increased density of 150 d/U per acre, allowing for approximately 33 units.,County Or Parish:Miami-Dade County,List Office Name:Dwntwn Realty Advisors LLC,Private Remarks:For showings and questions please call George 310-710-5080,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:Price Decrease,Postal Code Plus4:3743,Property Sub Type:Mixed Use,State Or Province:FL,Street Dir Prefix:NW,Tax Annual Amount:9399,Unparsed Address:255 NW 32nd St, Miami FL 33127,Listing Agreement:Exclusive Right To Sell,Building Area Total:2280,Building Area Units:Square Feet,Lot Size Square Feet:10000,Original List Price:3300,Previous List Price:2800000,Public Survey Range:31,I D X Participation Y N:1,Syndication Remarks:The subject property consists of two separate structures sitting on a 10,000 SF lot; a duplex with 3 bedrooms and 1 bathroom each on both the top and bottom floors, as well as an ancillary unit with 3 bedrooms and 2 bathrooms. All units are around 900 SF each. The property is currently 100% occupied with rents at $1,795 per month and a total gross income of $65,000. Rents are on a month-to-month basis and are determined to be under-market. The property is best seen as a covered land play, offering an investor the opportunity to ultimately take advantage of the Wynwood Norte NRD-2 zoning overlay for low-intensity infill development. The site carries an increased density of 150 d/U per acre, allowing for approximately 33 units.,Listing Contract Date:2023-06-16,Originating System I D:miamire,Public Survey Section:25,Street Number Numeric:255,Tax Legal Description:WYNDWOOD PARK PB 5-23 LOTS 16 & 17 BLK 15 LOT SIZE 100.000 X 100,Public Survey Township:31,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:Development Opportunity - separate structures sitting on a 10,000 SF lot,Contract Status Change Date:2023-06-16,Internet Address Display Y N:1,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:No,Internet Entire Listing Display Y N:1,Internet Automated Valuation Display Y N:1,