241 NW 34th Ter, Miami, FL 33127 — MLS photo

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241 NW 34th Ter, Miami, FL 33127

Active · Duplex

$1,040,000

241 NW 34th Ter, Miami, FL 33127

Beds
—
Baths
0
Living area
1,576 sq ft
$ / sq ft
$660/sq ft
Year built
1939
Lot size
—
HOA fee
—
Annual tax
$17,639

About this property

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.

Interior & exterior features

Cooling

  • Central Air
  • Electric

Heating

  • Central

Pool

  • None

Flooring

  • Tile

roof

  • Shingle

construction

  • Block

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$1,879

Cap rate
3.5%
Net yield
3.5%
Cash-on-cash return
-7.7%
Gross yield
6.6%
Mortgage payment
$4,930/mo
Down payment
$260,000
Loan amount
$780,000
Annual NOI
$36,609

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.