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255 Nw 32nd St, Miami, FL 33127

$1,680,000

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Sold Price: $1,680,000
List Price: $1,850,000
Closing Date: Jan 23, 2026
MLS#: A11718805
Status: CLOSED
Type: Commercial

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Property Description

The subject property consists of two separate structures sitting on a 10,000 SF lot; a duplex with 3 bedrooms and 1 bathroom each on both the top and bottom floors, as well as an ancillary unit with 3 bedrooms and 2 bathrooms. All units are around 900 SF each. The property is currently 100% occupied with rents at $1,995 per month and a total gross income of $71,820. Rents are on a month-to-month basis and are determined to be under-market. The property is best seen as a covered land play, offering an investor the opportunity to ultimately take advantage of the Wynwood Norte NRD-2 zoning overlay for low-intensity infill development. The site carries an increased density of 150 d/U per acre, allowing for approximately 33 units. Seller Financing is available at very favorable times

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Additional Information

Days on Market: 382
Tax Amount: $14,687
Parcel Number: 01-31-25-019-2940
Lot Size: 10,000
Address: 255 Nw 32nd St, Miami
Year Built: 1938
Section: 25