251 NW 34th Ter, Miami, FL 33127
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251 NW 34th Ter, Miami, FL 33127
251 NW 34th Ter, Miami, FL 33127
251 NW 34th Ter, Miami, FL 33127
251 NW 34th Ter, Miami, FL 33127
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Alex Mendel

Alex Mendel

+1(561) 827-8449
$ 1,140,000
Est. payment /mo
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Price Dropped by $10K

251 NW 34th Ter Miami, FL 33127

2,784 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,784 sqft

Price per Sqft $409

Subdivision Wynd Wood Park

MLS Listing ID A11925609

Style Fourplex

HOA Y/N No

Year Built 1926

Annual Tax Amount $15,524

Tax Year 2023

Property Sub-Type Quadruplex

Property Description

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.

Location

State FL

County Miami-dade

Community Wynd Wood Park

Area 31

Interior

Heating None

Cooling Central Air

Flooring Tile

Exterior

Pool None

Utilities Available Cable Available

Roof Type Flat

Total Parking Spaces 4

Private Pool No

Building

Lot Description < 1/4 Acre

Story 2

Sewer Public Sewer

Architectural Style Fourplex

Level or Stories Two

Structure Type Block

Others

Tax ID 01-31-25-019-0680

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Short Sale

Miami Association of Realtors (SEFMIAMI MLS)
Listed by Lifestyle International Realty

NEARBY SCHOOLS & PROPERTIES

Alex Mendel

Alex Mendel

Agent

+1(561) 827-8449

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251 NW 34th Ter

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