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Fourplex, Quadruplex

251 Northwest 34th Terrace, Miami, FL 33127, USA

Fourplex, Quadruplex

duplex for sale

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Listed: 02/13/23

251 Northwest 34th Terrace, Miami, FL 33127, USA

Studio Bed:

1 Bath:

2,784 Sq Ft Living Area:

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Price

$ 1,45M

About This Duplex

This property sits in the new Wynwood Norte zoning overlay and is zoned T4. You can build up to 16 units and up to 3 stories. Taking into consideration maximum lot coverage of 60% and 3 stories, there is the potential of sixteen562 SF 1bedroom units. Rents in the area continue to rise, helping with the overall profitability of new development projects. Current tenant rents help offset holding costs. Parking may be satisfied through payment in lieu into the applicable Parking Trust Fund. Buyer is responsible for all due diligence and verifying development potential. Do Not Disturb Tenants. Financials are attached.

Property Includes

Parking
Air Conditioning
Covering Floor Tile

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Miami Housing & Living

Household Income

Median household income: $41,818

Number of households: 182,631

The average household income in Miami, FL grew from $40,327 to $41,818 in the past year. This data is an estimate based upon 182,631 households in Miami, FL.
The chart below presents how household income is distributed in Miami, FL in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Miami, FL compared to median property taxes around the country. The prevalent amount of property taxes in Miami, FL equals $3k+ , which is more than the national average.

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