1053 NW 29th St
- Miami, FL 33127
- $2,986,000
- 0 Bed(s)
- 0 Baths
- 5,650 Sqft.
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Got it, thanks!This 8-unit multifamily building in Miamis trendy Wynwood Norte offers a unique investment chance for 2.4 million. The location boasts vibrant street art, diverse restaurants, and exciting nightlife, with high-end shops and beaches nearby.Recent zoning changes by the city allow for significantly denser development, making the property highly attractive for potential future expansion. Additionally, the building offers immediate returns with a 5.19 cap rate and the potential for even higher returns 6.50 based on projected rents.Whether you choose to keep the current setup or explore redevelopment opportunities, this property positions you to capitalize on Wynwood Nortes booming cultural and entertainment scene.
The multiple listing information is provided by the Miami Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2023-present Miami Association of Realtors®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Fausto Commercial Realty Consultants Inc. tel: 305-431-2258
Real Estate IDX Powered by: TREMGROUP
The multiple listing information is provided by the Miami Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2023-present Miami Association of Realtors®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Fausto Commercial Realty Consultants Inc. tel: 305-431-2258
Real Estate IDX Powered by: TREMGROUP
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