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Prime Wynwood Norte Development Opportunity 527 Nw 34th St 1 Unit Apartment Building $2,070,000 ($2,070,000/Unit) Miami, FL 33127
Investment Highlights
- Prime Location Between Wynwood, Midtown, And Miami Design District, Near I-195
- Covered Land Play With Existing Triplex Generating $5,000/Month Income
- High-Density Wynwood NRD-2 Zoning: 150 Units/Acre, Up To 8 Stories, Mixed-Use Potential
Executive Summary
You can find the full OM here: https://dwntwnrealtyadvisors.com/our-listings/527-nw-34th-street
DWNTWN Realty Advisors has been retained exclusively by ownership to arrange the sale of 527 NW 34th Street, Miami, FL. The property consists of a 2,732 SF triplex on a 7,150 SF lot, generating $5,000/month in income. Zoned T5-O, the site allows for 24 units across 5 stories by right, plus 3 additional stories through the Wynwood Norte NRD-2 overlay, with commercial permitted at the ground level. This offering is best positioned as a covered land play, providing investors with immediate cash flow and a prime opportunity to capitalize on high-density redevelopment potential. The site is located within the bounds of the Wynwood Norte neighborhood, just a few blocks from the heart of Midtown and a short distance to the entrance of both Wynwood and the Design District. It also benefits from immediate access to the I-195 on-ramp, which connects directly to I-95. The property falls within the Wynwood Norte NRD-2 overlay and carries T5-O zoning, allowing for up to 150 residential units per acre and five stories by right, with up to three additional stories available via bonus density.
DWNTWN Realty Advisors has been retained exclusively by ownership to arrange the sale of 527 NW 34th Street, Miami, FL. The property consists of a 2,732 SF triplex on a 7,150 SF lot, generating $5,000/month in income. Zoned T5-O, the site allows for 24 units across 5 stories by right, plus 3 additional stories through the Wynwood Norte NRD-2 overlay, with commercial permitted at the ground level. This offering is best positioned as a covered land play, providing investors with immediate cash flow and a prime opportunity to capitalize on high-density redevelopment potential. The site is located within the bounds of the Wynwood Norte neighborhood, just a few blocks from the heart of Midtown and a short distance to the entrance of both Wynwood and the Design District. It also benefits from immediate access to the I-195 on-ramp, which connects directly to I-95. The property falls within the Wynwood Norte NRD-2 overlay and carries T5-O zoning, allowing for up to 150 residential units per acre and five stories by right, with up to three additional stories available via bonus density.
Property Facts
| Price | $2,070,000 | Building Class | C |
| Price Per Unit | $2,070,000 | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 2,732 SF |
| No. Units | 1 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1930 |
| Property Subtype | Apartment | Parking Ratio | 2/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | T5-O - mixed use | ||
| Price | $2,070,000 |
| Price Per Unit | $2,070,000 |
| Sale Type | Investment |
| No. Units | 1 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 2,732 SF |
| No. Stories | 2 |
| Year Built | 1930 |
| Parking Ratio | 2/1,000 SF |
| Zoning | T5-O - mixed use |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+2 | 1 | - | 2,732 |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Good public transit
70/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 01-3125-021-0210 | Improvements Assessment | $106,592 |
| Land Assessment | $1,001,000 | Total Assessment | $1,107,592 |
Property Taxes
Parcel Number
01-3125-021-0210
Land Assessment
$1,001,000
Improvements Assessment
$106,592
Total Assessment
$1,107,592
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Prime Wynwood Norte Development Opportunity | 527 Nw 34th St