Additional Details

• Features: Extremely rare deal in WYNWOOD?! Highly desirable location zoned T4R, and minutes away from WYNWOOD AND DESGIN DISTRICT! This community is on the rise, boasting million dollar properties for sale on the same street! Don't miss out on the opportunity to enter this market at a nearly impossible-to-find price where all the properties are selling NORTH of a million dollars and development is on the rise.
• Potential ARV: $850,000-$900,000
• Rehab Description: This is a full rehab. For a flip or rental, fully gut the inside, install a new HVAC w/ duct work, install new walls, apply fresh paint, install new floors, install a new kitchen, and install new bathrooms. On the exterior, replace the roof, replace new windows, repaint, and install new landscaping. Optionally, this property is sitting on a 4,465 square foot lot that is zoned T4R, giving you the opportunity to teardown and rebuild up to 4 floors and accommodate up to 16 rental units (with zero parking also allowed).
• Estimated Rehab: $70,000-$80,000
• Ideal Investment Strategy: Rental/Resale
• Important Details: --> Vacant at close! --> T4R Zoning -->NO HOA/RENTAL RESTRICTIONS
• Construction: CBS
• Comp 1: 3308 NW 3rd Ave, Miami, FL 33127 Duplex (2-2/1's) 1344 SQFT 1937 BUILD SOLD @ $1,278.000 09/15/2023 (Slightly bigger, good condition, updated)
• Comp 2: 287 NW 34th Ter, Miami, FL 33127 Duplex (2- 1/1's) 1200 SQFT 1942 BUILD SOLD @ $1,200.000 07/07/2023 (2 separate units, dated, investor sale)
• Comp 3: 33 NW 34th Ter, Miami, FL 33127 SOLD @ $870,000 05/22/2023 (Land/same zoning)
• Comp 4: 267 NW 33rd St, Miami, FL 33127 Duplex Non-conforming (3/1 & 1/1) 1386 SQFT 1925 BUILD SOLD @ $900,000 08/30/23 (Separate units/ clean and updated/same zoning)