Description
Multi-family located in Wynwood Norte, just outside of the bustling heart of Wynwood. The property contains 2 separate structures: 1 large 4 bed/2 bath unit & a 4-plex, offering an investor a level of diversification & the opportunity to tap into one of the fastest-growing neighborhoods in Miami.
Falling under the NRD-2 zoning overlay, the site carries an increased density of 150 units to the acre compared
to the 65 du/acre maximum in other areas of the city that share the T5 designation, allowing for a max. density of up to 21 units on this site.
This property is best seen as a solid covered land play for a developer looking to ultimately take advantage of the strong redevelopment incentives while capitalizing on the in-place income for short-term or stable annual rentals.
Location
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MIAMI Association of REALTORS® is not responsible for the accuracy of the information listed above. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program and the South East Florida Regional MLS and is provided here for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than the office owning this website are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Data provided is deemed reliable but not guaranteed. Copyright MIAMI Association of REALTORS®, MLS All rights reserved. Updated: 29th March, 2023 7:45 PM (UTC)
Listing Office: APEX Capital Realty LLC
