244 NW 32nd St, Miami, FL 33127
Local realty services provided by:First Service Realty ERA Powered
Listed by: martina smolakova
Office: fausto commercial realty consultants inc786-748-7373
MLS#:A12010516
Source:SEFMLS
Price summary
- Price:$1,175,000
- Price per sq. ft.:$165.49
About this home
Wynwood Norte | Covered Land Play — 24-Unit By-Right Development with Income In Place
A rare chance to enter one of Miami's hottest corridors with cash flow from day one and a clear path to 24 units — no variances, no parking, just execute.
The existing ±2,000 SF triplex generates $4,000/month ($34,200 NOI), with tenants covering utilities and maintenance — keeping carry costs low while you permit and design.
Zoned T4-R within the NRD-2 overlay, the site allows up to 150 units/acre by right, with zero parking requirements and zero variances needed — multifamily or fee-simple townhomes, your call.
Just west of Midtown Miami and the Design District, Wynwood Norte sits in one of South Florida's most active development pipelines — 6,000+ units and 2M+ SF of office planned nearby. Easy access to I-95, Wynwood, Edgewater, Downtown, and Miami Beach.
Our team has closed 5 sites in Wynwood Norte and can support you on design, underwriting, entitlements, and introductions to lenders, architects, and builders who know this market.
Income in place. Simple zoning. No parking headaches. No variance risk. Just execute.
DO NOT DISTURB TENANTS — Showings by appointment only....
Contact an agent
Home facts
- Year built:1937
- Subdivision & Development:WYND WOOD PARK
- Listing ID #:A12010516
- Updated:September 28, 2026 at 09:51 AM
Rooms and interior
- Living area:1,800 sq. ft.
Heating and cooling
- Cooling:Central Air
- Central air:Yes
Structure and exterior
- Roof:Concrete
- Year built:1937
- Building area:1,800 sq. ft.
- Construction Materials:Block
- Levels:2 Story
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,175,000
- Price per sq. ft.:$165.49
- Tax amount:$1,259,172 (2025)
Parking
- Total parking spaces:8
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