251 34th Ter ,Other, Quadruplex, Wynd Wood Park for Sale

251 34th Ter for Sale

Price $1,140,000.00

• Lot size 2784
• Year Build 1926
• Waterfront
• Zip 33127
• Style Other
• Parking Description
• Pool Yes
• Status Active

Description

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.

WYNDWOOD PARK PB 5-23 LOT 15 BLK 4 OR 13193-1334 0287 1

Less Than 1/4 Acre Lot

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.

City:Miami,Zoning:3900,List A O R:A-Miami Association of REALTORS,Stories:2,Tax Year:2023,Latitude:25.8091132,Cooling Y N:1,List Price:1140000,Listing Id:A11925609,Longitude:-80.2004294,Mls Status:Active,Year Built:1926,Living Area:2784,Postal Code:33127,Street Name:34th Ter,Coordinates:1:25.8091132,Photos Count:1,Building Name:WYND WOOD PARK,Days On Market:474,Lot Size Units:Square Feet,M I A M I R E_ Area:31,M L S Area Major:Wynd Wood Park,On Market Date:2024-12-20,Parcel Number:01-31-25-019-0680,Parking Total:4,Property Type:Residential Income,Stories Total:2,Street Number:251,M I A M I R E_ Style:Fourplex,Public Remarks: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.,Structure Type:1:Fourplex,Approval Status:Approved,County Or Parish:Miami-Dade County,Expiration Date:2027-02-03,List Office Name:Lifestyle International Realty,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:Back On Market,Postal Code Plus4:3474,Property Sub Type:Quadruplex,State Or Province:FL,Street Dir Prefix:NW,Subdivision Name:WYND WOOD PARK,Tax Annual Amount:15524,Unparsed Address:251 NW 34th Ter, Miami FL 33127,Listing Agreement:Exclusive Right To Sell,Year Built Details:Resale,Building Area Total:2784,Building Area Units:Square Feet,Leasable Area Units:Square Feet,M I A M I R E_ Flood Zone:X,M I A M I R E_ L P Amt Sq Ft:409.4828,Original List Price:1150000,Previous List Price:1150000,Public Survey Range:31,Documents Available:1:Other Available Information,I D X Participation Y N:1,M I A M I R E_ Last Status:Pending,M I A M I R E_ N A R Rules Y N:1,Syndication Remarks: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.,Listing Contract Date:2024-12-20,Originating System I D:miamire,Public Survey Section:25,Showing Instructions:Showing Assist,Street Number Numeric:251,Tax Legal Description:WYNDWOOD PARK PB 5-23 LOT 15 BLK 4 OR 13193-1334 0287 1,M I A M I R E_ Current Price:1140000,Public Survey Township:31,M I A M I R E_ Municipal Code:1,M I A M I R E_ Total Mortgage:920000,Originating System Name:Miami Association of REALTORS®,M I A M I R E_ Adjusted Area S F:2505,M I A M I R E_ Internet Remarks:Fully Rented Duplex with Development Potential in Wynwood.,M I A M I R E_ Parcel Number M L X:0680,M I A M I R E_ Separate Meter Y N:1,M I A M I R E_ Showing Time Flag:1,M I A M I R E_ Street View Param:1$25.809016$-80.20041$307.52$13.33$1.00$sAtfe8F3nEpxHWoj2MLmNw,Contract Status Change Date:2024-12-20,Internet Address Display Y N:1,M I A M I R E_ Cable Available Y N:1,Number Of Units In Community:4,M I A M I R E_ Ok To Advertise List:Yes - Attribution NOT Required,M I A M I R E_ Subdivision Number:19,M I A M I R E_ Fill From Record_ M U I:404674147,M I A M I R E_ Agent Alternate Phone:305-496-0687,Internet Entire Listing Display Y N:1,M I A M I R E_ Address Internet Display:251 NW 34th Ter,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:409.48,