Published on: Wednesday, June 12, 2024
Updated on: Thursday, June 13, 2024
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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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Financing  Business  Material
  Commercial property
244 NW 34th St Miami Florida , 33127
244 NW 34th St Miami Florida                                                                                             , 33127Fausto 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.
Listing Location
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Listing ID: CL-Florida-12327
Listing Type: Commercial
Category: Multifamily - Duplex/Triplex/Fourplex
Status: Active
Created On: 10/4/2024
Modified On: 10/4/2024
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Listing ID: CL-Florida-12325
Listing Type: Commercial
Category: Multifamily - Duplex/Triplex/Fourplex
Status: Active
Created On: 10/4/2024
Modified On: 10/4/2024
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Address: 287 NW 31st St , Miami Florida 33127
Listing ID: RL-Florida-12322
Listing Type: Residential
Category: Residential Type - Multifamily
Status: Active
Created On: 10/4/2024
Modified On: 10/4/2024
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Address: 9302 NW 4th Ave MIAMI, FL 33150-2121 , Miami Florida 33150
Listing ID: CL-Florida-12320
Listing Type: Commercial
Category: Multifamily - Mid-rise
Status: Active
Created On: 10/4/2024
Modified On: 10/4/2024
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Address: 12030 SW 129th Ct , Kendall Florida 33186
Listing ID: CL-Florida-11239
Listing Type: Commercial
Category: Office - Office Building
Status: Active
Created On: 8/8/2024
Modified On: 8/8/2024
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