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268 NW 34th St 10 Unit Apartment Building $3,800,000 ($380,000/Unit) Miami, FL 33127
INVESTMENT HIGHLIGHTS
- 10 Units
- Great Wynwood location
- 6,864 square foot lot
EXECUTIVE SUMMARY
Wynwood34 Apartments is a fully renovated 10-unit short-term rental property operating as a highly successful Airbnb in the heart of Wynwood Norte, Miami’s most dynamic and fast-growing neighborhood. This turnkey building generates over $515,000 in annual revenue after taxes, translating to an impressive annual NOI of approximately $370,000, and an attractive cap rate of 9.7% at the current offering price of $3,800,000.
The property offers a unique combination of historic charm and modern upgrades, including central HVAC, hurricane impact windows, stainless steel appliances, and a secure gated courtyard.
Situated in Wynwood Norte, guests enjoy walking access to Miami’s most vibrant cultural hub — famous for its colorful murals, world-renowned Wynwood Walls, breweries, art galleries, top restaurants, and nightlife.
This is a rare opportunity to acquire a fully operational, cash-flowing Airbnb asset with significant redevelopment upside, supported by favorable T4-R & NRD-2 zoning, allowing future repositioning or expansion.
The property offers a unique combination of historic charm and modern upgrades, including central HVAC, hurricane impact windows, stainless steel appliances, and a secure gated courtyard.
Situated in Wynwood Norte, guests enjoy walking access to Miami’s most vibrant cultural hub — famous for its colorful murals, world-renowned Wynwood Walls, breweries, art galleries, top restaurants, and nightlife.
This is a rare opportunity to acquire a fully operational, cash-flowing Airbnb asset with significant redevelopment upside, supported by favorable T4-R & NRD-2 zoning, allowing future repositioning or expansion.
PROPERTY FACTS
| Price | $3,800,000 | Building Class | C |
| Price Per Unit | $380,000 | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 5,574 SF |
| No. Units | 10 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1925 |
| Property Subtype | Apartment | Parking Ratio | 0.72/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | T4-R & NRD-2 - This "transect" zone represents a medium-density urban fabric. It allows for a transition in building massing between single-family and multi-family h | ||
| Price | $3,800,000 |
| Price Per Unit | $380,000 |
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 5,574 SF |
| No. Stories | 3 |
| Year Built | 1925 |
| Parking Ratio | 0.72/1,000 SF |
| Zoning | T4-R & NRD-2 - This "transect" zone represents a medium-density urban fabric. It allows for a transition in building massing between single-family and multi-family h |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Microwave
- Tile Floors
- Kitchen
- Refrigerator
- Stainless Steel Appliances
- Range
- Tub/Shower
- Walk-In Closets
SITE AMENITIES
- Courtyard
- Fenced Lot
- Laundry Facilities
- Gated
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | - | 736 |
| 2+1 | 3 | - | 1,055 |
| 3+2 | 1 | - | 1,382 |
1 1
Walk Score®
Very Walkable (88)
Bike Score®
Very Bikeable (76)
PROPERTY TAXES
| Parcel Number | 01-3125-019-1760 | Improvements Assessment | $1,142,000 |
| Land Assessment | $858,000 | Total Assessment | $2,000,000 |
PROPERTY TAXES
Parcel Number
01-3125-019-1760
Land Assessment
$858,000
Improvements Assessment
$1,142,000
Total Assessment
$2,000,000
CONTACTS
-
Vicente Rodriguez -
Carlos Fausto Miranda -
Fausto Commercial Realty Consultants
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268 NW 34th St
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