255 NW 32nd St - Apartments FOR SALE


Miami, FL 33127- Wynwood
$1,945,000 USD
305-796-2271
255 NW 32nd St, Miami, FL for Sale
$1,945,000 USD
Apartments - FOR SALE
1/14
null | 2.72% Cap Rate

255 NW 32nd St
Miami, FL 33127
Wynwood


OVERVIEW

Rare opportunity in the heart of Wynwood Norte, one of Miami's fastest-growing urban neighborhoods. Situated on an approximately 10,000 SF double lot and zoned T4-R with the NRD-2 Overlay, the property offers significant redevelopment potential, with the possibility to develop approximately 34 residential units. The property is currently consists of two existing structures, including a two-story duplex and a separate single-family residence, creating immediate income-producing opportunities while future development plans are pursued. Investors may choose to continue operating the existing improvements, renovate and reposition the property for increased rental income, occupy one of the residences while generating income from the remaining units, or assemble neighboring parcels to create a larger-scale development opportunity. Located just minutes from Wynwood, Midtown Miami, the Design District, and major transportation corridors including I-95 and I-195, the property benefits from strong demand drivers, walkability, and continued public and private investment throughout the area. Whether acquired as a long-term land bank, an income-producing covered land play, a value-add renovation project, or a future multifamily development site, 255 NW 32nd Street offers investors and developers multiple paths to create value in one of Miami's most dynamic growth corridors.

FOR SALE DETAILS

PRICE

$1,945,000 USD

PRICE/SF

$752 USD /SF

# OF UNITS

3

PRICE/UNIT

$648,333

CAP RATE

2.72%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1948

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,790 SF

ZONING

T4-R with NRD2 Overlay

APN/PARCEL ID

01-3125-019-2940

ASK ABOUT THIS PROPERTY

Uccio ZecchiniBZG InternationalMore Info
305-796-2271

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Uccio ZecchiniBZG InternationalMore Info
305-796-2271

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.