Unapproved Short Sale. 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.
- Swimming Pool
- Heating System
- Cooling System
- Architectural Style
- Roof
- Sewer
- State:
- FL
- County:
- Miami-Dade
- City:
- Miami
- Zipcode:
- 33127
- Street:
- 251 Nw 34th Ter, Miami, Florida 33127
- Longitude:
- W81° 47' 58.6''
- Latitude:
- N25° 48' 32.8''
- Building Area:
- 2,784 Sqft
- Construction Materials
- Cumulative DOM:
- 604
- DOM:
- 604
- Flooring
- Internet Address Display:
- 1
- Internet Listing Display:
- 1
- Lot Features
- Parcel Number:
- 01-31-25-019-0680
- Subdivision Name:
- WYND WOOD PARK
- Tax Annual Amount:
- $15,524
- Utilities
Residential Income For Sale
251 Nw 34th Ter, Miami, Florida 33127, Miami, Florida 33127
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $960,000
- Square Footage :
- 2,784 Sqft
- Year Built :
- 1926
- MLS # :
- A11925609
