Description
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.
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0BEDS
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0.11ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
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.
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