251 NW 34th Terrace For Sale
Property Details
| Asking Price | $960,000 |
|---|---|
| Price per SqFt | $345 |
| Property Taxes | $15,524 2023 |
| Interior Space | 2,784 SqFt |
| Beds/Baths | —/— |
| Year Built | 1926 |
| Pool | No |
| MLS # | A11925609 |
Location
From the listing
Unapproved Short Sale. Exceptional opportunity to acquire an income-producing duplex in the heart of Wynwood with significant redevelopment potential. Currently fully rented, this property offers immediate cash flow while providing investors and developers the opportunity to capitalize on one of Miami’s fastest-growing neighborhoods. Zoned T4 with the NRD-2 Overlay, the property allows for the development of up to 18 residential units. The neighboring property at 241 NW 34th Terrace allows for up to 13 residential units, creating a unique assemblage opportunity with the potential for a larger-scale development project.Added advantage: develop without on-site parking by contributing to the applicable parking fund, maximizing flexibility. Near Wynwood, Midtown, Design District, Downtown Miami, and major corridors, offering current income plus long-term upside.Property Highlights: Short Sale Opportunity, Fully rented duplex with immediate income, T4 Zoning with NRD-2 Overlay, Development potential for up to 18 units, Adjacent to 241 NW 34th Terrace (up to 13 units), Potential assemblage opportunity, No on-site parking required (parking fund contribution applies), Prime Wynwood location, Minutes to Midtown, Design District, Downtown Miami & I-95, Ideal for investors and developers.Buyer to independently verify zoning, density, development rights, assemblage potential, and parking requirements.
Listed by Lifestyle International Realty
What It Costs to Own
Monthly, before a mortgage and insurance
Taxes $15,524 for 2023. MLS figures, which may not be accurate.
Sales History for This Home · 251 NW 34th Terrace, Miami, FL 33127
| Sale ⇅ | Sold Price ⇅ | Closed Date ⇅ |
|---|---|---|
| A11332490 | $1,150,000 | 5/31/23 |
Listed by Lifestyle International Realty. Mark Zilbert of ONE Sotheby's International Realty is a cooperating (transaction) broker and helps buyers find properties in Miami and throughout South Florida.
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251 NW 34th Terrace, Miami · MLS A11925609 · $960,000
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The curated data and calculated data for this property and its surrounding condo units and homes is based solely on data we have extracted from the MLS. There may be unpublished, private, quit claim and other property offerings and transfers that do not appear here, which may affect how a buyer or seller perceives property values. Always conduct proper due diligence when considering buying or selling property.