ActiveQuadruplex
251 NW 34th Ter, Miami FL 33127
Miami, FL 33127 · MLS #A11925609The residence
About this property
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.
At a glance
Property details
- Property type
- Quadruplex
- Listing type
- For sale
- Status
- Active
- Living area
- 2,784 sq. ft.
- Year built
- 1926
- Lot size
- 0 sq. ft.
- Subdivision
- WYND WOOD PARK
- County
- Miami-Dade County
- Days on market
- 474
- Original list price
- $1,150,000
- Listing date
- December 20, 2024
- Annual property tax
- $15,524 (2023)
- Listing agent
- Sherry Lebowitz
- Listing office
- Lifestyle International Realty
- MLS number
- A11925609
Neighborhood & location
Explore WYND WOOD PARK
Review nearby homes, local services, commute routes, schools, flood information, and community rules as part of your due diligence. Neighborhood information can change and should be verified with the appropriate local authority.
Schools
School information
- School district
- Miami-Dade County Public Schools
Plan your purchase
Mortgage calculator
- Principal & interest
- $5,764
- Property taxes
- $1,294
- Homeowners insurance
- $570
- Estimated total
- $7,628
Estimate only. Taxes, insurance, association fees, PMI, interest rate, and lender terms vary. Confirm the actual payment and closing costs with a licensed mortgage professional. Review Florida mortgage and pre-approval guidance.
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Listing courtesy of Lifestyle International Realty, 305-809-8085.
Data provided by MIAMI Association of REALTORS®. Information is deemed reliable but is not guaranteed accurate by the MLS and should be independently verified. Property availability, price, and details are subject to change without notice.