This 8-unit multifamily building in Miami\'s trendy Wynwood Norte offers a unique investment chance for $2.4 million. The location boasts vibrant street art, diverse restaurants, and exciting nightlife, with high-end shops and beaches nearby.\r\n\r\nRecent zoning changes by the city allow for significantly denser development, making the property highly attractive for potential future expansion. Additionally, the building offers immediate returns with a 5.19% cap rate and the potential for even higher returns (6.50%) based on projected rents.\r\n\r\nWhether you choose to keep the current setup or explore redevelopment opportunities, this property positions you to capitalize on Wynwood Norte\'s booming cultural and entertainment scene.

This listing is courtesy of Fausto Commercial Realty Consultants Inc.

More detailed information, including prior sales, lot and building square footage per the county, zoning, traffic maps, nearby businesses, and more related to the Miami-Dade county property folio associated with this commercial property listing, which in most cases would be for the listed property, is displayed below. This is not provided by the listing broker or agent, but is information obtained independently from the county for the folio number 0131250191720 entered for this listing by the listing broker / listing agent. Importantly, always verify information. This county information is not updated regularly. Thus, some of the information may have changed since it was obtained. Information herein is provided on a best efforts basis only. Do not rely on it to make an investment decision.

Miami-Dade County Information for Folio 01-1250-019-1720 (0131250191720)*
Links to Miami-Dade Lot Outline, Aerial Views, Tax Records
Property Location*
Address: 244 NW 34 St
City: Miami
State: Florida
Zip Code: 33127-3458 (Listings)
County: Miami-Dade (Listings)
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Building Size - English*
Living Square Feet: 5,456
Actual Square Feet: 5,456
Adjusted Square Feet: 4,878
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Lot Size - English*
Lot Size (sf): 5,000
Lot Size (acres): 0.11
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Building Size - Metric*
Living Square Meters: 506.88
Actual Square Meters: 506.88
Adjusted Sq M: 453.18
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Lot Size - Metric*
Lot Size (sq m): 465
Lot Size (ha): 0.05
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Zoning & Land Use*
Land Use: 0803 - Multifamily 2-9 Units : Multifamily 3 Or More Units
Zoning: 3900 - Multi-family - 38-62 U/a
Municipal Zoning: T4 R (Miami)
All Listed | All Properties
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Prior Sale*
Type: Sales type info not available
Qual: Q
Date: 12/01/2004
Amount: $315,000
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Prior Sale #2* (Second to Last)
Type: Qual by exam of deed
Qual: U
Date: 01/01/2004
Amount: $0
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Prior Sale #3* (3rd to Last)
Type: Qual by exam of deed
Qual: Q
Date: 03/01/1997
Amount: $90,000
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Taxable Values*
Tax Year: 2023
Land: $500,000
Building: $483,606
Total: $983,606
Assessed: $704,331
County Taxable: $704,331
City Taxable: $704,331
Mill Code: 0100
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Ownership*
Owner 1: 244 Investment Corp
Mailing Address: 1699 Coral Way Ste 315
Mailing City: Miami
Mailing State: Fl
Mailing Zip: 33145-2860
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Building Information*
Stories: 2
Units: 8
Year Built: 1925
Effective Year Built: 1997
Extra Features 1: Aluminum Modular Fence
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Legal Description*
Legal Description Concatenated: WYNDWOOD PARK PB 5-23 LOT 6 BLK 10 LOT SIZE 50.000 X 100 OR 17581-0943 0397 1 COC 22969-1481 23508-4141 1204 1

*This Miami-Dade county folio information was recently obtained for the folio number entered on this listing by the listing broker, which usually is correct, but not always. This information is not represented as or warranted to be accurate or current. Verify this and all information about this property independently. Do not rely on it to make an investment decision.