Wynwood Land with Income
For Sale
$3,475,000
118 NW 24th Street, Miami, FL 33127
Wynwood land with income-generating 8-unit apartment building for sale.
Property Size2,983 SF
Lot Size0.17 Acres
Price / SF$1,164
Days on Market124
Property Features for 118 NW 24th Street
General Information
Standard status
Active
Size
2,983 SF
Lot size
0.17 Acres
Property subtype
Multi-family
Lease Term
[]
Building Details
Year Built
1927
Listing Agency:
Miami Residential Group
Listed By:
Cuindney Mantilla · License #3325552
(305) 400-6393
Source:
Onesothebysrealty
Added: May 20
Changed: Sep 4
Last Checked: Sep 19 at 11:52AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Miami Residential Group
Investment Insights
Based on property information with market context.
This Wynwood property features a mix-use commercial building with an 8-plex generating income. The property is zoned T5-O/NRD-1 and has a lot size of 7,500 square feet. It is considered a covered land play property, allowing the owner to receive income while developing plans. The property presents a great opportunity for an owner-user or developer, with all tenant leases up-to-date. The current income is approximately $12,400 per month. The property includes 8 street parking spaces with city decals. A new roof was installed in 2016. A WiFi network is available for all tenants, along with a central washer and dryer. The location is minutes from the Miami Design District, Midtown, Allapattah, Miami Beach, and Downtown Miami. The building size is 2,983 square feet.
Key Highlights
- Income‑generating 8‑unit property in Wynwood (8 Studios)
- T5‑O zoning allows for mixed‑use commercial development
- 7,500 SF lot in a prime location
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
7,210
Businesses Nearby
Explore this area
Business Placement
Demographics for 33127, FL
27,692
Population
11,245
Households
2.5
Avg Household Size
37
Median Age
13%
College-Educated
69%
High-School Grad
3.3 sq mi
ZIP Area
8,392
Density / Sq Mi
$41,125
Median Household Income
$30,240
Median Earnings
$1,394
Median Rent
$398,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Commercial land - Wynwood land with income-generating 8-unit apartment building for sale.
Where is this commercial land located?
The property is located at 118 NW 24th Street Miami, FL.
What is the asking price?
The asking price for this property is $3,475,000.
What are key features of this property?
This property features: Income‑generating 8‑unit property in Wynwood (8 Studios); T5‑O zoning allows for mixed‑use commercial development; 7,500 SF lot in a prime location
