407 NW 33rd St, Miami, Miami-Dade County, FL, 33127 Miami FL US

USD 1,800,000
For Sale MLS: A11224073

Property Details

Bedrooms

2

Bathrooms

1

Neighborhood

Wynwood

Property Type

Residential

Description

This property sits in the new Wynwood Norte zoning overlay and is zoned T4. You can build up to 16 units and up to 3 stories. This is one of the larger lots with over 7,000 sf. Taking into consideration maximum lot coverage of 60% and 3 stories, there is the potential of sixteen 787 SF 2 bedroom units. Rents in the area continue to rise, helping with the overall profitability of new development projects. Current tenant rents help offset holding costs. Parking may be satisfied through payment in lieu into the applicable Parking Trust Fund. Buyer is responsible for all due diligence and verifying development potential. Do Not Disturb Tenants. Financials are attached. Find out more about this property. Request details here

Location

Address

407 Northwest 33rd Street, Miami, Florida 33127, United States

City

Miami

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