345 NW 34th St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
345 NW 34th St
8 Unit Apartment Building $2,300,000 ($287,500/Unit) 6.25% Cap Rate Miami, FL 33127
Investment Highlights
- WYNWOOD NORTH MULTIFAMILY 8 UNITS 100% LEASE
- HEALTHY CAP RETURN OF 6.2 %
- BOOM DEVELOPMENT IN WYNWOOD /T4 ZONING APPROVED TO BUILD 21 UNITS THREE LEVELS VERTICAL .
Executive Summary
Wynwood North Multifamily Develpoment and income producing building. 8 unit building 100 % lease with excellent Return on investment. Build was upgrade with impact windows, new Ac and new water heater about 10 years ago. Steady annual increase in rental income bring the CAP rate to a healthy 6.2 % .The caviar on the deal is the zoning allowances to build up to 21 units with no parking restrictions and change in your own time the future of the property by collecting rent thru the process of approval and when ready develop your new multifamily building with the potential to sale as condo with a huge appetizes for relocating to the area .Lot size is 50 w x 143 L . Please call listing agent for more information's on flyer of income and expenses and rent rolls. Investor & developer welcome.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$172,800
|
$40.25
|
| Other Income |
$3,600
|
$0.84
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$176,400
|
$41.09
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$37,140
|
$8.65
|
| Net Operating Income |
$139,260
|
$32.44
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $172,800 |
| Annual Per SF | $40.25 |
| Other Income | |
|---|---|
| Annual | $3,600 |
| Annual Per SF | $0.84 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $176,400 |
| Annual Per SF | $41.09 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $37,140 |
| Annual Per SF | $8.65 |
| Net Operating Income | |
|---|---|
| Annual | $139,260 |
| Annual Per SF | $32.44 |
Property Facts
Unit Amenities
- Air Conditioning
- Bay Window
- Kitchen
- Tub/Shower
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | $1,800 | 660 - 720 |
Walk Score ®
Walker's Paradise (90)
Bike Score ®
Very Bikeable (76)
PROPERTY TAXES
| Parcel Number | 01-3125-024-0360 | Improvements Assessment | $0 (2024) |
| Land Assessment | $0 (2024) | Total Assessment | $483,268 (2024) |
PROPERTY TAXES
Parcel Number
01-3125-024-0360
Land Assessment
$0 (2024)
Improvements Assessment
$0 (2024)
Total Assessment
$483,268 (2024)
zoning
| Zoning Code | T4 (3900/MULTI-FAMILY - 38-62 U/A relax zoning for easy approval up too 21 units on the same lot . T4 CONDITION FOR RE DEVELOPING.) |
| T4 (3900/MULTI-FAMILY - 38-62 U/A relax zoning for easy approval up too 21 units on the same lot . T4 CONDITION FOR RE DEVELOPING.) |
-
Peter Dominguez -
PETER DOMINGUEZ P.A
1 of 17
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
345 NW 34th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.