For Sale
$2,000,000

0 Miami StMiami, FL 33127

High-yield Wynwood multifamily, 5 units.

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents a lucrative multifamily property situated in the vibrant Wynwood Norte neighborhood of Miami, Florida. Priced at $2,000,000, this property encompasses two separate buildings on a 6,350 square foot lot. The property consists of five units total. Four units in the rear building are currently rented on a month-to-month basis, while the front building operates as a fully remodeled seven-bedroom, five-bathroom short-term rental generating a substantial net annual income exceeding $95,000. The property is zoned T5-L, benefiting from the Wynwood Norte Neighborhood Revitalization District (NRD-2) amendments which remove unit count restrictions, offering significant potential for future development or expansion. This property is an ideal investment for those seeking strong cash flow and long-term appreciation in a rapidly growing Miami neighborhood. The property's location in Miami-Dade County, at the address NW Miami St, zip code 33127, provides easy access to major transportation routes and the thriving Wynwood arts district. The property's square footage is listed as 1, however, this is likely an error in the provided data and does not reflect the actual combined square footage of the two buildings. Further due diligence is recommended to verify this information.

Highlights

  • $2,000,000 asking price.
  • Multifamily property with 5 units.
  • Located in Miami, FL, 33127, in the Wynwood Norte neighborhood.
  • 6,350 sq ft lot size.
  • T5-L zoning.

Property Details for 0 Miami St

Property type
Land, Apartment buildings
Square Feet
1 SF
Units
5

Location Insight

City
Miami
County
Miami-Dade
State
Florida
Latitude
25.7968161
Longitude
-80.1957749
Miami St, Miami, Florida

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0 Miami St
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