Miami St Miami, FL 33127

Property Details for 0 Miami St

Property size

1 SF

Property type

Land

Property subtype

Apartment buildings

Description

This exceptional investment opportunity presents a lucrative multifamily property situated in the vibrant Wynwood Norte neighborhood of Miami, Florida. Priced at $2,000,000, this property encompasses two separate buildings on a 6,350 square foot lot. The property consists of five units total. Four units in the rear building are currently rented on a month-to-month basis, while the front building operates as a fully remodeled seven-bedroom, five-bathroom short-term rental generating a substantial net annual income exceeding $95,000. The property is zoned T5-L, benefiting from the Wynwood Norte Neighborhood Revitalization District (NRD-2) amendments which remove unit count restrictions, offering significant potential for future development or expansion. This property is an ideal investment for those seeking strong cash flow and long-term appreciation in a rapidly growing Miami neighborhood. The property's location in Miami-Dade County, at the address NW Miami St, zip code 33127, provides easy access to major transportation routes and the thriving Wynwood arts district. The property's square footage is listed as 1, however, this is likely an error in the provided data and does not reflect the actual combined square footage of the two buildings. Further due diligence is recommended to verify this information.