Fausto Commercial Realty Consultants is pleased to present 244 NW 34th St, an 8-unit multifamily investment opportunity in the heart of Wynwood Norte, Miami's most dynamic arts, culinary, and nightlife district. Recently reduced to $2,100,000, the property features eight one-bedroom/one-bathroom units and delivers a 5.93% cap rate on actual in-place rents, with upside to 7.43% on pro forma rents — an attractive, below-replacement-cost entry point for investors seeking both immediate income and near-term rent growth in one of Miami's premier urban-infill submarkets. Wynwood Norte's 2021 zoning overhaul, enacted by the Miami City Commission, makes this a standout redevelopment and value-add opportunity: the district now permits density of up to 150 units per acre, eliminating prior lot-size density calculations and unlocking substantial building potential. Revised NRD-2 zoning further exempts buildings under 20,000 square feet in T4 and T5 zones from parking requirements, materially lowering the cost and complexity of future infill development on the site. Located steps from the high-end retail of the Design District and minutes from Miami Beach, 244 NW 34th St offers multifamily investors a rare combination: current in-place income, upside to pro forma rents, and one of the most investor-friendly zoning environments in Miami-Dade County for future redevelopment — a compelling acquisition for income investors, value-add buyers, and 1031 exchange buyers alike.