Published on: Wednesday, June 12, 2024
Updated on: Tuesday, March 25, 2025
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About the Lister
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Name: Vicente Rodriguez
Company: Fausto Commercial
Office Phone: 305-431-2258
Cell Phone: 305-510-6627
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244 NW 34th St Miami Florida , 33127
244 NW 34th St Miami Florida                                                                                             , 33127  Fausto Commercial
Listing ID: CL-Florida-10669

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): Contact Lister
Net Operating Income: Contact Lister
Commission Split (%): 2
Quick Glance
Listing ID: CL-Florida-10669
Status: Accepting Offers
Financing: Third Party Financing
Occupancy: N/A
Year Build: 1925
Building Size: 5,456.00 SqFt
Lot Size: 5,456.00 SqFt.
No of Stories: 2
No of Parking: N/A
Offer to Millionaire Club: No
Business Available for Sale: No
Is Net Lease Investment: No
Property On Ground Lease: No
Building Status: Existing
Listing Summary
This 8-unit multifamily building in Miami's trendy Wynwood Norte offers a unique investment chance for $2.4 million.
Complete Details
Year Build: 1925
Building Size: 5,456 SqFt.
No of Stories: 2
Total Lot Area: 5456 SqFt.
No of Parking: N/A
No of Total Units: 8
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Not Specified
Building Class: A
Property on Ground Lease?: No
Net Lease Investment?: No
Business Price Included?: No
Roofing: Not Specified
Occupancy: 0%
Full Description

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. Recent 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. Whether 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.

Additional Properties
Property Highlights
  • This property positions you to capitalize on Wynwood Norte's booming cultural and entertainment scene.
  • The location boasts vibrant street art, diverse restaurants, and exciting nightlife, with high-end shops and beaches nearby.

Lending Opportunities

Interested in making an offer on this property or adding it to your portfolio? Our network of experienced lenders is ready to provide you with competitive loan options tailored to your needs. Whether you're an investor or a first-time buyer, securing financing is the key to turning this opportunity into reality. Don’t wait, reach out now to get pre-approved, explore your loan options, and take the next step with confidence!
Company Name Lender Type Contact Name Contact Number Actions
Ultimate Mortgage Lenders Mortgage Lenders Jason Tylor (954) 849-7745 Request Quote
Listing Location
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3123 NW 3rd Ave , Miami Florida                                                                                              33127
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7300 Harding Ave , Miami Beach Florida                                                                                              33141
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259 NE 79th St , Miami Florida                                                                                              33138
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7825 Harding Ave , Miami Beach Florida                                                                                              33141
Address: 3245 NW 47th St , Miami Florida 33142
Listing ID: CL-Florida-13410
Listing Type: Commercial
Category: Multifamily - Duplex/Triplex/Fourplex
Status: Accepting Offers
Created On: 12/30/2024
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3245 NW 47th St , Miami Florida                                                                                              33142