105 31St St Miami, FL 33127

This exceptional 1930-built, four-story apartment building in Miami, Florida, presents a compelling investment opportunity. Located at 105 NW 31st Street, Miami, FL 33127, this property sits on a substantial 7,800 square foot lot in the burgeoning Wynwood/Wynwood Norte neighborhood. The property boasts an impressive 198 feet of frontage (143 feet on NW 1st Avenue and 55 feet on NW 31st Street). Currently zoned T4-O, it offers significant redevelopment potential. Plans allow for a 3-story, 18-unit building or a 4-story, 24-unit building (with 25% designated for Miami-Dade affordable housing units), eliminating the need for parking. The existing structure is in excellent condition and currently operates as a profitable short-term rental, fully furnished and ready for immediate income generation. This prime location, coupled with the flexible zoning and high demand for housing in this rapidly developing area, makes this a truly exceptional opportunity for developers and investors seeking substantial returns. The asking price is $1,990,000.