3490 NW 32nd Ave - Apartments FOR SALE


Miami, FL 33142- Melrose Heights
$2,850,000 USD
407-247-7773
3490 NW 32nd Ave, Miami, FL for Sale
$2,850,000 USD
Apartments - FOR SALE
1/33
null | Request Cap Rate

3490 NW 32nd Ave
Miami, FL 33142
Melrose Heights


OVERVIEW

Cash flow, multi-use functionality, and future development potential all in one! Located just blocks away from Miami’s vibrant NW 36th Street corridor, this mixed-use powerhouse includes: One Duplex / Two Apartments / Parking Storage Lot / Commercial Space - currently operating as a nightclub/restaurant -ALL ROOFS 2 YEARS NEW -PASSED 50 YEAR CERTIFICATION 2025 ( Electrical/Structural can provide documentation upon request ) -1 FOLIO: 6 BED/4 BATHS RESIDENTIAL UNITS -ALL SEPARATE ELECTRIC METERS -CAN BUILD UP TO 4 STORIES HIGH -6 INCOME PRODUCING RENTAL SPACES -ZONING: BU-1A -TOTAL LOT SIZE 13,800 Sq. Ft -COMBINED BUILDING AREA 6,213 Sq. Ft -2024 ADDT : 23,000 CARS DRIVE BY PER DAY BASED ON TRANSIT RECORDS -CORNER PROPERTY WITH HIGH VISIBILITY FOR BUSINESS CLIENT EXPOSURE The entire property is leased on a month-to-month basis with long term tenants, generating an estimated gross income of $233,000 per year. BU-1A zoning allows for construction of up to four stories and offers a wide range of property uses. Don’t miss out on this rare find! With potential for increased rents & significant future development potencial, this property could be the perfect addition to your investment portfolio. We are also selling the adjacent vacant lot measuring 6,750 sf and strip retail that wraps around the other corner of property. All separate folios, one interring expansion opportunity of the creative investor or developer. Schedule your tour or call today to explore the possibilities! FOR ZONING INFO PLEASE CLICK LINK BELOW: https://library.municode.com/fl/miami_-_dade_county/codes/code_of_ordinances?nodeId=PTIIICOOR_CH33ZO_ARTXXVLIBUDI

FOR SALE DETAILS

PRICE

$2,850,000 USD

PRICE/SF

$2,262 USD /SF

# OF UNITS

5

PRICE/UNIT

$570,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1945

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

BU-1A

APN/PARCEL ID

30-3128-013-0920

ASK ABOUT THIS PROPERTY

Johanna MenesesLifestyle International RealtyMore Info
407-247-7773

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Johanna MenesesLifestyle International RealtyMore Info
407-247-7773

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