Home » Miami » 255 NW 32nd St, Miami, FL 33127 | A11718805

Mixed Use For Sale 255 NW 32nd St, Miami, FL 33127

$1,950,000

Property Highlights

Listing ID A11718805 Status of this Listing: Active For Sale Property Type Commercial Sale Mixed Use Building Area 2,280 Sqft/211.82 m2 approx. Lot area 10,000 Sqft/929.03 m2 approx. Year Built 1938 Time of this property on Rebonus 20 Day(s)

255 NW 32nd St, Miami, FL 33127

Property 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 $1,995 per month and a total gross income of $71,820. 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. Seller Financing is available at very favorable times

Useful Info

Original List Price:$1,950,000

Land Lot (Parcel) Details

Lot Size Unit:Square Feet

Construction

Structure Type:
  • Other

Property Features

Waterfront:No

Taxes and Expenses

Tax Annual Amount:$14,687

Property Tax Notice for Buyers: Do not rely on the current property taxes paid by the seller, as your tax liabilities may increase following the sale. Transferring ownership or making improvements to the property often triggers tax reassessments, which could raise the amount you owe. If you have questions regarding property valuation, please contact the County Property Appraiser’s Office.

Terms

Occupant Type:
  • Owner
Lease Considered:No

Community

Senior Community:No

Parking

Covered Spaces:0

More Details

Other Information:
Flood ZoneX
FEMA Flood Zone DesignationsX
Ref1101074350
Subdivision Number19

Zoning and Legal

Tax Legal Description:WYNDWOOD PARK PB 5-23 LOTS 16 & 17 BLK 15 LOT SIZE 100.000 X 100
Real Estate Folio Number (Parcel Number):01-31-25-019-2940
Zoning Description:3900
Public Survey Range:31
Public Survey Section:25

Listing History

Update/EventDate/Days
Published Date:January 6, 2025 4:43 pm
On Market Date:January 6, 2025
Price Change Date Time:January 6, 2025 4:43 pm
Last Important Update Description:New Listing
Date and Time of Last Important Update:January 6, 2025 4:43 pm
Status Last Changed:January 6, 2025 4:43 pm
Photos Last Modified:January 6, 2025 10:04 pm
Last Modified:January 14, 2025 5:05 pm
Days on the Market Reference Date:January 14, 2025
Days on the Market (updated on Last Modified*):8
Cumulative Days on the Market (updated on Last Modified**):511

Additional Information

Number of Photos:5
Location:,,
Included:,,
Area:31
Automated Valuation Display:Yes
Courtesy of:Dwntwn Realty Advisors LLC
Universal Property Id:US-12025-N-0131250192940-R-N

Location

Show Property Address:Yes
Street Name:32nd St
Street Number:255
Street Direction Prefix:NW
Street Address:255 NW 32nd St
City : Miami
State : Florida
Zip Code : 33127
County : Miami-Dade
Full Address:255 NW 32nd St, Miami, FL 33127
Latitude:N25° 48' 24.3''
Longitude:W81° 47' 57.6''

Neighborhood

Postal City:Miami

Property Map