251 NW 34th Ter, Miami, FL 33127

About This Home

Unapproved Short Sale. Exceptional opportunity to acquire an income-producing duplex in the heart of Wynwood with significant redevelopment potential. Currently fully rented, this property offers immediate cash flow while providing investors and developers the opportunity to capitalize on one of Miami’s fastest-growing neighborhoods. Zoned T4 with the NRD-2 Overlay, the property allows for the development of up to 18 residential units. The neighboring property at 241 NW 34th Terrace allows for up to 13 residential units, creating a unique assemblage opportunity with the potential for a larger-scale development project. Added advantage: develop without on-site parking by contributing to the applicable parking fund, maximizing flexibility. Near Wynwood, Midtown, Design District, Downtown Miami, and major corridors, offering current income plus long-term upside. Property Highlights: Short Sale Opportunity, Fully rented duplex with immediate income, T4 Zoning with NRD-2 Overlay, Development potential for up to 18 units, Adjacent to 241 NW 34th Terrace (up to 13 units), Potential assemblage opportunity, No on-site parking required (parking fund contribution applies), Prime Wynwood location, Minutes to Midtown, Design District, Downtown Miami & I-95, Ideal for investors and developers. Buyer to independently verify zoning, density, development rights, assemblage potential, and parking requirements.

Property Details

Flooring

Tile

Heating

None

Cooling

Central Air

Architectural Style

Other

Building & Association

Building Name

WYND WOOD PARK

Stories

2

Stories Total

2

Association

No

Lot & Construction

Lot Features

Less Than 1/4 Acre Lot

Lot Size Square Feet

0

Waterfront

No

View

No

Construction Materials

CBS Construction

Roof

Flat Roof With Facade Front

New Construction

No

Public Records

Parcel Number

01-31-25-019-0680

Tax Annual Amount

$15,524

Tax Year

2,023

Zoning

3900

County Or Parish

Miami-Dade County

Location