345 NW 34th St - Apartments FOR SALE


Miami, FL 33127
$2,300,000 USD
786-512-4072
345 NW 34th St, Miami, FL for Sale
$2,300,000 USD
Apartments - FOR SALE
1/14
null | 6.25% Cap Rate

345 NW 34th St
Miami, FL 33127


HIGHLIGHTS

  • WYNWOOD NORTH MULTIFAMILY 8 UNITS 100% LEASE
  • BOOM DEVELOPMENT IN WYNWOOD /T4 ZONING APPROVED TO BUILD 21 UNITS THREE LEVELS VERTICAL .
  • HEALTHY CAP RETURN OF 6.2 %

OVERVIEW

Wynwood North Multifamily Develpoment and income producing building. 8 unit building 100 % lease with excellent Return on investment. Build was upgrade with impact windows, new Ac and new water heater about 10 years ago. Steady annual increase in rental income bring the CAP rate to a healthy 6.2 % .The caviar on the deal is the zoning allowances to build up to 21 units with no parking restrictions and change in your own time the future of the property by collecting rent thru the process of approval and when ready develop your new multifamily building with the potential to sale as condo with a huge appetizes for relocating to the area .Lot size is 50 w x 143 L . Please call listing agent for more information's on flyer of income and expenses and rent rolls. Investor & developer welcome.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$536 USD /SF

# OF UNITS

8

PRICE/UNIT

$287,500

CAP RATE

6.25%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1935

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

T4

APN/PARCEL ID

01-3125-024-0360

ASK ABOUT THIS PROPERTY

Peter DominguezPETER DOMINGUEZ P.AMore Info
786-512-4072

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Peter DominguezPETER DOMINGUEZ P.AMore Info
786-512-4072

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.