241 34th Terrace, Miami, FL 33127

$960,000 — Active

Property Features

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Unapproved Short Sale. Fully Remodeled & Income-Producing Duplex in Wynwood with 13 units potential. Rare opportunity to acquire a fully remodeled, income-producing duplex in the heart of Wynwood with exceptional redevelopment potential. Currently 100% leased, this property provides immediate cash flow while offering significant future upside for investors and developers.Zoned T4 with the NRD-2 Overlay, the property allows for the development of up to 13 residential units, making it an ideal opportunity to capitalize on one of Miami’s most dynamic and rapidly growing neighborhoods. An added advantage is the ability to develop without on-site parking requirements through contribution to the applicable parking fund, maximizing the site’s development potential and design flexibility.Located near Wynwood, Midtown Miami, the Design District, Downtown Miami,and major transportation corridors, this property combines current income with long-term development value.Property Highlights: Approved Short Sale, Fully remodeled duplex, Fully rented with immediate income, T4 Zoning with NRD-2 Overlay, Development potential for up to 13 residential units, No on-site parking requirement with contribution to applicable parking fund, Prime Wynwood location, Minutes from Midtown, Design District, Downtown Miami, and I-95,Excellent opportunity for investors and developers.Buyer to independently verify zoning, density, development rights, and parking requirements.

▼ Price Reduced — originally listed at $1,990,000

Property Details

  • Listing ID: A11711586
  • Status: Active
  • Listing Date: 2024-12-20
  • Property Type: Duplex
  • Subdivision: WYND WOOD PARK
  • County: Miami-Dade
  • MLS Area: 2310
  • Bedrooms: 0
  • Full Bathrooms: 0
  • Living Area Sq Ft: 1,576
  • Year Built: 1939

Financial

  • List Price: $960,000
  • Original List Price: $1,990,000
  • HOA Fee: None
  • Taxes: $17,639/yr

Features & Amenities

  • Cooling: Central Air, Electric
  • Heating: Central, Separate Meters
  • Flooring: Tile
  • Construction: Block
  • Roof: Shingle

Courtesy of Lifestyle International Realty
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