160 NW 33 St, a multi family development opportunity in Wynwood Norte. Featuring a 5,000 sq. ft. lot, this property can consist of 2 micro retail of about 500 SF or less rented at $3k each and 14 x 650 SF apartments of 2 bedrooms and 2 bathrooms each generating around $2700 each on long term leases and 4 floors. Total forecast rental income of finished building (in today's market) $43,800 per month. Demolition scheduled for august 2022. Plans to be submitted to the city around June 2022 approx. 7 months for approval. This property a T4 zoning is a new zoning category for Miami Wynwood Norte that allows for a transition of building massing (size and bulk) between single family and multi-family housing. Additionally, the option of adding some small neighborhood businesses and offices.
Courtesy of: Fausto Commercial Realty Consultants Inc MIAMI Association of REALTORS® is not responsible for the accuracy of the information listed above. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program and the South East Florida Regional MLS and is provided here for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than the office owning this website are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Data provided is deemed reliable but not guaranteed. Copyright MIAMI Association of REALTORS®, MLS All rights reserved. Updated: 4th July, 2022 8:11 PM (UTC)
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