145 Nw 31st St, Miami, FL 33127

$1,455,000

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List Price
$1,455,000
MLS#
A12080424
Status
ACTIVE
Type
Land

Property Description

Wynwood Norte development opportunity! 7,150 SF lot is Triplex Teardown zoned TR-4/NRD-2. Parcel-specific zoning information indicates a maximum potential of 22 residential units at a stated density of 150 units per acre; buyer to independently verify all zoning, density, unit-count, development, and permitting requirements with the appropriate municipality. Existing rental income includes the main unit at $950/month and the rear unit at $1,500/month. The main unit may be renovated as needed. Two tenants are reportedly willing to remain with a new owner while plans are developed and construction timing is determined. Property is being offered primarily for land value and redevelopment potential. Ideal for investors, builders, and developers seeking a Wynwood Norte opportunity. Triplex configuration, occupancy, rents, zoning, and development potential are subject to buyer verification and due diligence.

Additional Information

Days on Market
1
Tax Amount
$12,404
Water Access
None
Parcel Number
01-31-25-027-0410
Front Exposure
Northwest
Lot Size
7,150
Directions
rom I-95, take the I-195/Julia Tuttle Causeway exit toward Miami Beach. Exit toward N Miami Ave, head south, then turn west onto NW 31st St. Property is located at 145 NW 31st St, Miami, FL 33127.
Address
145 Nw 31st St, Miami
Development Name
Prices Addn To St James P
Development
Prices Addn To St James P
Section
25

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Listing Courtesy of JFA Realty Co, Contact: