241 NW 34th Ter, Miami FL 33127 | Miami-Dade County | A11711586

241 NW 34th Ter, Miami FL 33127

Active Residential Income

$1,040,000

14 More

1576 Sq Ft
Area Size

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Active Residential Income

241 NW 34th Ter, Miami FL 33127 | Miami-Dade County | A11711586

241 NW 34th Ter, Miami FL 33127

$1,040,000

Description

Approved Short Sale. Fully Remodeled & Income-Producing Duplex in Wynwood with 13 units potential. Rare opportunity to acquire a fully remodeled, income-producing duplex in the heart of Wynwood with exceptional redevelopment potential. Currently 100% leased, this property provides immediate cash flow while offering significant future upside for investors and developers.

Zoned T4 with the NRD-2 Overlay, the property allows for the development of up to 13 residential units, making it an ideal opportunity to capitalize on one of Miami’s most dynamic and rapidly growing neighborhoods. An added advantage is the ability to develop without on-site parking requirements through contribution to the applicable parking fund, maximizing the site’s development potential and design flexibility.

Located near Wynwood, Midtown Miami, the Design District, Downtown Miami,and major transportation corridors, this property combines current income with long-term development value.

Property Highlights: Approved Short Sale, Fully remodeled duplex, Fully rented with immediate income, T4 Zoning with NRD-2 Overlay, Development potential for up to 13 residential units, No on-site parking requirement with contribution to applicable parking fund, Prime Wynwood location, Minutes from Midtown, Design District, Downtown Miami, and I-95,Excellent opportunity for investors and developers.

Buyer to independently verify zoning, density, development rights, and parking requirements.

Property Overview

This is a duplex for sale at 241 NW 34th Terrace in Miami, built in 1939 with 1,576 square feet of living area. It is a fully remodeled and income-producing property located in the Wynwood area, currently 100% leased. The property is zoned T4 with an NRD-2 Overlay, which allows for the potential development of up to 13 residential units. This zoning also provides the option to satisfy parking requirements through a contribution to a parking fund, offering design flexibility. Its location provides proximity to Wynwood, Midtown Miami, the Design District, Downtown Miami, and major transportation routes.

Frequently Asked Questions

What is the exact address and property type?

The property is a duplex located at 241 NW 34th Ter, Miami, FL 33127, in the WYND WOOD PARK building and subdivision.

What is the size and condition of the property?

The living area is 1,576 square feet. The public description states it is a fully remodeled duplex built in 1939. It is currently 100% leased and is being offered as an approved short sale.

What is the asking price and the income potential?

The asking price is $1,040,000. The listing describes it as an income-producing property providing immediate cash flow. It also highlights significant redevelopment potential under its current zoning.

What is the redevelopment or investment potential mentioned?

According to the public description, the property is zoned T4 with an NRD-2 Overlay, which allows for the development of up to 13 residential units. The description notes an advantage is the potential to develop without on-site parking requirements by contributing to a parking fund, which can maximize design flexibility.