550 NW 30th St new Save Request In-Person Tour Request Virtual Tour
Miami,FL 33127
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,319 sqft
Price per Sqft $510
Subdivision Northern Blvd Track
MLS Listing ID A11850757
Style Fourplex
Year Built 1930
Annual Tax Amount $14,674
Tax Year 2024
Property Sub-Type Quadruplex
Property Description
Located in the heart of Wynwood Norte is a prime investment opportunity offering strong in-place income with significant redevelopment potential. The property consists of two separate structures: A fully furnished 4-bedroom single-family home, currently leased to a short-term rental operator and a second building featuring four fully leased 1-bedroom apartments. Together, the property generates a solid monthly rental income of $11,400. Zoned T5-L, the site allows for future redevelopment of up to 22 residential units or 43 hotel units, presenting long-term upside in one of Miami's most dynamic and rapidly evolving neighborhoods. This is a rare opportunity to acquire a stable asset with excellent cash flow and high-density zoning in one of Miami's most sought-after neighborhoods.
Location
State FL
County Miami-dade
Community Northern Blvd Track
Area 31
Interior
Heating Central,Electric,Wall Furnace
Cooling Central Air,Electric,Wall/Window Unit(s)
Flooring Tile
Exterior
Pool None
Utilities Available Cable Available
Roof Type Composition,Flat,Shingle
Building
Lot Description < 1/4 Acre
Story 2
Sewer Public Sewer
Structure Type Block
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11850757