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Alex Mendel

alex@mendelgroupfl.com +1(561) 827-8449

$ 3,915,000

Est. payment -/mo

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Price Dropped by $10K

Address not disclosed Miami, FL 33127

2,983 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,983 sqft

Price per Sqft $1,312

Subdivision 118 Nw 24Th St

MLS Listing ID A11827380

Style Fourplex

Construction Status Effective Year Built

HOA Y/N Yes

Year Built 1927

Annual Tax Amount $55,984

Tax Year 2025

Property Sub-Type Quadruplex

Property Description

Covered Land Play with In-Place Multifamily Income in the Heart of Wynwood
Gridline Properties is proud to present 118 NW 24th Street—an exceptional covered land investment
located in the urban core of Wynwood, one of Miami's most transformative neighborhoods. Situated on a
7,500 SF lot, the property is improved with a 2,620 SF multifamily structure configured into eight residential
units, currently producing stable in-place income.
With flexible T5-O zoning, this site offers a unique opportunity to generate immediate cash flow while
strategically land banking for future vertical development.118 NW 24th Street is ideally positioned
for future repositioning or redevelopment up to five stories, with a mix of residential, retail, or short-term
rental uses.

Location

State FL

County Miami-dade

Community 118 Nw 24Th St

Area 30

Interior

Heating None

Cooling Other

Flooring Tile

Exterior

Pool None

Utilities Available Cable Not Available

Roof Type Other

Private Pool No

Building

Lot Description < 1/4 Acre

Story 1

Sewer Other

Architectural Style Fourplex

Level or Stories One

Structure Type Other

Construction Status Effective Year Built

Others

Tax ID 01-31-25-037-0420

Acceptable Financing Other

Listing Terms Other

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11827380

Miami Association of Realtors (SEFMIAMI MLS)

Listed by Gridline Properties

Alex Mendel

Agent

+1(561) 827-8449

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Alex Mendel

Address not disclosed Miami, FL 33127

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