321 NW 31st Street is located in Miami, FL, within the Wynwood Norte neighborhood. The property is located south of I-195 and east of I-95, within walking distance to the Wynwood Arts District, Wynwood Walls, and a wide variety of eclectic restaurants, art galleries, and retail shops. This duplex was built in 1957 consisting of (2) two-bedroom, one-bath units totaling approximately 654 square feet of livable space. Currently, the property is not generating income and allows for a re-development opportunity to benefit from the NRD-2 zoning ordinance which encourages dense infill developments. The asset also allows a new owner to enter and complete a full rehab project and own in one of Miami’s trendiest areas where elevated demand and tight vacancies have driven significant rental gains.

This listing is courtesy of First Step Realty Group.