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244 NW 34th St, Miami, FL 33127
$2,400,000
244 NW 34th St, Miami, FL 33127View this property at 244 NW 34th St, Miami, FL 33127
244 NW 34th StMiamiFL33127
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Property Description
This 8-unit multifamily building in Miami's 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 Norte's booming cultural and entertainment scene.
Full Property Details
Full Property Details for 244 NW 34th St
General
- Price: $2,400,000
- Taxes: $17,997
- Status: Active
- Type: Apartment
- MLS ID: A11546009
- Updated: 3/7/2024
- Added to Site: 82 day(s) ago
Business
- Business Type: Apartments
Location
- County: Miami-Dade County
Structural Information
- Detached/Attached: Detached
- Building Size: 5456
- Year Built: 1925
Lot Features
- Lot Size (Sq. Ft.): 5,000
- Zoning: 3900
Financial Considerations
- Tax Amount: $17,997
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
- Special Conditions: Sale
- Legal Description: WYNDWOOD PARK PB 5-23 LOT 6 BLK 10 LOT SIZE 50.000 X 100 OR 17581-0943 0397 1 COC 22969-1481 23508-4141 1204 1
- Property ID: 01-31-25-019-1720
Listed by Fausto Commercial Realty Consultants Inc
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Schools
Schools serving 244 NW 34th St
School District:Miami-Dade County School District
Rating | Name | Grades | Distance |
---|---|---|---|
401 Nw 29th St, Miami, FL 33127 | PK-5 | 0.3 mi | |
12829 Sw 272nd St, Homestead, FL 33032 | PK-8 | 23.7 mi | |
3100 Nw 5th Ave, Miami, FL 33127 | 6-8 | 0.3 mi | |
1200 Nw 6th Ave, Miami, FL 33136 | 9-12 | 1.5 mi | |
Robert Morgan Educational Center and Technical College
18180 Sw 122 Avenue, Miami, FL 33177 | 9-12 | 18.6 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 244 NW 34th St
Date
Details
Price
Change
Source
2/28/2024
Listed
$2,400,000
661.9%
MLS
1/05/2005
Sold
$315,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 244 NW 34th St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$16,349
20%
$1,229,508
54%
2022
$13,593
2%
$798,599
12%
2021
$13,297
10%
$714,721
49%
2019
$12,102
13%
$481,069
10%
2018
$10,716
19%
$437,336
-8%
2017
$8,983
6%
$477,753
32%
2016
$8,483
12%
$361,436
10%
2015
$7,581
9%
$328,579
10%
2014
$6,943
6%
$298,709
10%
2013
$6,564
—
$271,554
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 244 NW 34th St
244 NW 34th St, Miami, FL 33127 (MLS# A11546009) is a Apartment property. 244 NW 34th St is currently listed for $2,400,000 and was received on February 28, 2024. Want to learn more about 244 NW 34th St? Do you have questions about finding other Apartment real estate for sale in Miami? You can browse all Miami real estate or contact a Coldwell Banker agent to request more information.