This 8-unit multifamily building in Miami's trendy Wynwood Norte offers a unique investment chance for $2.4 million. The location boasts vibrant street art, diverse restaurants, and exciting nightlife, with high-end shops and beaches nearby. Recent zoning changes by the city allow for significantly denser development, making the property highly attractive for potential future expansion. Additionally, the building offers immediate returns with a 5.19% cap rate and the potential for even higher returns (6.50%) based on projected rents. Whether you choose to keep the current setup or explore redevelopment opportunities, this property positions you to capitalize on Wynwood Norte's booming cultural and entertainment scene.
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Data Provided by ATTOM Data Solutions
The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100
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Data Provided by Walk Score®
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Data Provided by ATTOM Data Solutions
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