Income-producing 4-plex - configured as two separate duplexes - on a rare 13,500 SF T4-O corner lot in Miami's fast-growing Allapattah/Wynwood-edge corridor. The property delivers steady in-place rental income today (approximately $8,000/month) while offering significant long-term upside under flexible T4-O zoning, which permits multifamily, townhomes, live/work, and mixed-use development. Hold it as a stabilized cash-flowing asset, reposition the units, or land-bank for future redevelopment on a corner site with dual frontage.Major upside: the adjacent lot at 1027 NW 29 Street is also available and already carries site-plan approval for a 50-unit, 8-story mixed-use building. Acquire both together to control a ±24,187 SF assemblage - phase two separate projects, or combine the parcels to expand the approved development and add structured parking. Minutes to Wynwood, Midtown, the Design District, Edgewater, and Downtown Miami, with direct I-95 access. A rare chance to own cash-flowing multifamily with a built-in development play next door.
| MLS # | A12073273 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1946 |
| Days On Site | 21 |
| Listing Provided By | Fausto Commercial Realty Consultants Inc | Miguel A Fuentes |
| SQ Feet | 3,640 |
|---|---|
| Story(s) | 1 |
| Units | 4 |
| Zoning | 4801 |
| Tax Annual Amount | 13500 |
|---|
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami |
| Zip Code | 33127 |
| Area | 2310 |
| Community Name | SANTA CLARA SUB |
| Listing VS Median (in SANTA CLARA SUB) | |
Price: $1,500,000 low | high Med: $525,000 sqft: 3,640 low | high Med: 1,266 $ / sqft: $412 low | high Med: $415 On site: 21 low | high Med: 19 | |
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami |
| Zip Code | 33127 |
| Area | 2310 |
| Community Name | SANTA CLARA SUB |
| Listing VS Median (in SANTA CLARA SUB) | |
Price: $1,500,000 low | high Med: $525,000 sqft: 3,640 low | high Med: 1,266 $ / sqft: $412 low | high Med: $415 On site: 21 low | high Med: 19 | |