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Wynwood multifamily building

$2,300,000

345 NW 34th St, Miami, FL 33127

Active
Last Updated: 04/15/2025

6.25

Cap Rate

172,800

NOI

Details:
Cap Rate:    6.25%
NOI:    $172,800
Pro Forma Cap Rate :    6.75%
Building Size:    4,866 sqft
Lot Area:    7,850 sqft
Occupancy:    100%
Average Room Size:    660 sqft
Year Built:    1925
Price Per Sqft:    $287
Price Per Unit:    $287
Zoning:    T4-R
Floors:    2
Year Last Renovated:    2008
Investment Strategy:    Opportunistic
Highlights:
  • VERY DESIRABLE AREA , FANTASTIC LOCATION .
  • 100 % FULLY LEASE BUILDING .
  • GREAT RETURN TO THE INVESTMENT SOLID CAP RATED OF 6.25 % CASH ON CASH .
  • ZONE T4-R / UP TOO 24 UNITS ALLOW FLOOR PLANS AND COST ON HAND FOR EASY USED
Description:

Wynwood North Multifamily Develpoment and income producing building. 8 unit building 100% lease with excellent Return on investment. Building was upgrade in 2008 with impact windows, new Ac and water heater. Steady annual income of $181,200 with an option for annual increase in rental bringing the CAP rate to a healthy 6.5%. The zoning is T4-R High Density Multifamily residential. The density of the Lot is 150 Units per Acres with up to 3 Levels and 24 units of new construction, with no parking restrictions. Lot size is 50 w x 143 L . Please call listing agent for more information's on flyer of income and expenses and rent rolls. Investor & developer welcome.

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