Active

255 NW 32nd St

Miami FL, 33127

$2,800,000


$1,228.07 per sqft

Active

2,280 sqft

Commercial

Built in 1938

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.

A11404919

MLS ID

June 16, 2023

Listed

February 15, 2024

Updated

Map

255 NW 32nd St
Miami FL, 33127

Interior Features

Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.23 Acres

Other Property Details

Taxes

$9,399


Tax Frequency

Annually


Days on Market

126


Garage

No


View

No


County

Miami-Dade County


Pool

No


Zoning

3900


Buyer Agency Compensation

3%

Listing History

Date

Event

Price

10/2/2023

Price Change

$2,800,000

-16%

6/16/2023

Price Change

$3,300,000

99900%

Courtesy of Dwntwn Realty Advisors LLC with Rayza Perez,
Listing Contact: 786-325-9928 

Based on information from the Miami Association of REALTORS®. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS.  All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. 

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Data last updated 8:37 PM UTC, 2/15/2024.

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