Miami, FL 33127 244 NW 32nd St
$1,175,000



4 more




Presented By: This listing is courtesy of Fausto Commercial Realty Consultants Inc
Home Details
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.
Presented By: This listing is courtesy of Fausto Commercial Realty Consultants Inc
Interior Features for 244 NW 32nd St
Bedrooms
Total Bedrooms3
Bathrooms
Half Baths0
Total Baths
Other Interior Features
Air Conditioning Y/NYes
FlooringOther
Heating Y/NNo
General for 244 NW 32nd St
CityMiami
Construction MaterialsBlock
CoolingCentral Air
CountyMiami-Dade
Full Baths1
HeatingNone, Other
Legal DescriptionWYNDWOOD PARK PB 5-23 LOT 4 BLK 16 LOT SIZE 50.000 X 142 OR 21236-0441 01 2003 4 COC 22183-0413 03 2004 1
LevelsTwo
Listing TermsCash
Lot Size UnitsSquare Feet
MLS Area31
Number Of Units Total1
Occupancy TypeTenant
Pool FeaturesNone
PossessionClose Of Escrow
PostalCityMiami
Property Sub Type AdditionalTriplex
Property SubtypeTriplex
Property TypeResidential Income
Rent IncludesSewer
RoofConcrete
SewerPublic Sewer
Standard StatusActive
StatusActive
Stories Count2
Subdivision NameWYND WOOD PARK
Tax Annual Amount1259172
Tax Year2025
UtilitiesCable Available
Virtual TourClick here
Year Built1937
Year Built DetailsEffective Year Built
Zoning Description3900
Exterior for 244 NW 32nd St
Building Area Total7100
Covered Spaces
Lot Features< 1/4 Acre
Total Parking8
Waterfront Y/NNo
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
Rebeca Lopez
Realtor®
SQFT • 1,800