9
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$1,175,000
Est. payment /mo
1,800 SqFt
Active
244 NW 32nd St Miami, FL 33127
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Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,800 sqft
Price per Sqft $652
Subdivision Wynd Wood Park
MLS Listing ID A12010516
HOA Y/N No
Year Built 1937
Annual Tax Amount $1,259,172
Tax Year 2025
Property Sub-Type Triplex
Property Description
Wynwood Norte | Covered Land Play — 24-Unit By-Right Development with Income In Place
A rare chance to enter one of Miami's hottest corridors with cash flow from day one and a clear path to 24 units — no variances, no parking, just execute.
The existing ±2,000 SF triplex generates $4,000/month ($34,200 NOI), with tenants covering utilities and maintenance — keeping carry costs low while you permit and design.
Zoned T4-R within the NRD-2 overlay, the site allows up to 150 units/acre by right, with zero parking requirements and zero variances needed — multifamily or fee-simple townhomes, your call.
Just west of Midtown Miami and the Design District, Wynwood Norte sits in one of South Florida's most active development pipelines — 6,000+ units and 2M+ SF of office planned nearby. Easy access to I-95, Wynwood, Edgewater, Downtown, and Miami Beach.
Our team has closed 5 sites in Wynwood Norte and can support you on design, underwriting, entitlements, and introductions to lenders, architects, and builders who know this market.
Income in place. Simple zoning. No parking headaches. No variance risk. Just execute.
DO NOT DISTURB TENANTS — Showings by appointment only.
A rare chance to enter one of Miami's hottest corridors with cash flow from day one and a clear path to 24 units — no variances, no parking, just execute.
The existing ±2,000 SF triplex generates $4,000/month ($34,200 NOI), with tenants covering utilities and maintenance — keeping carry costs low while you permit and design.
Zoned T4-R within the NRD-2 overlay, the site allows up to 150 units/acre by right, with zero parking requirements and zero variances needed — multifamily or fee-simple townhomes, your call.
Just west of Midtown Miami and the Design District, Wynwood Norte sits in one of South Florida's most active development pipelines — 6,000+ units and 2M+ SF of office planned nearby. Easy access to I-95, Wynwood, Edgewater, Downtown, and Miami Beach.
Our team has closed 5 sites in Wynwood Norte and can support you on design, underwriting, entitlements, and introductions to lenders, architects, and builders who know this market.
Income in place. Simple zoning. No parking headaches. No variance risk. Just execute.
DO NOT DISTURB TENANTS — Showings by appointment only.
Location
State FL
County Miami-dade
Community Wynd Wood Park
Area 31
Zoning 3900
Interior
Heating None, Other
Cooling Central Air
Flooring Other
Exterior
Pool None
Utilities Available Cable Available
Roof Type Concrete
Total Parking Spaces 8
Private Pool No
Building
Lot Description < 1/4 Acre
Story 2
Sewer Public Sewer
Level or Stories Two
Structure Type Block
Others
Tax ID 01-31-25-019-3050
Acceptable Financing Cash
Listing Terms Cash
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12010516
Listed by Fausto Commercial Realty Consultants Inc
NEARBY SCHOOL & BUSINESS
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