Description
Multi-family located in Wynwood Norte, just outside of the bustling heart of Wynwood. The property contains 2 separate structures: 1 large 4 bed/2 bath unit & a 4-plex, offering an investor a level of diversification & the opportunity to tap into one of the fastest-growing neighborhoods in Miami. Falling under the NRD-2 zoning overlay, the site carries an increased density of 150 units to the acre compared to the 65 du/acre maximum in other areas of the city that share the T5 designation, allowing for a max. density of up to 21 units on this site. This property is best seen as a solid covered land play for a developer looking to ultimately take advantage of the strong redevelopment incentives while capitalizing on the in-place income for short-term or stable annual rentals.
School Ratings & Info
Description
Multi-family located in Wynwood Norte, just outside of the bustling heart of Wynwood. The property contains 2 separate structures: 1 large 4 bed/2 bath unit & a 4-plex, offering an investor a level of diversification & the opportunity to tap into one of the fastest-growing neighborhoods in Miami. Falling under the NRD-2 zoning overlay, the site carries an increased density of 150 units to the acre compared to the 65 du/acre maximum in other areas of the city that share the T5 designation, allowing for a max. density of up to 21 units on this site. This property is best seen as a solid covered land play for a developer looking to ultimately take advantage of the strong redevelopment incentives while capitalizing on the in-place income for short-term or stable annual rentals.
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