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$960,000
241 NW 34th Terrace
Miami, FL 33127
MLS# A11711586
1680 sqft


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Property Description
Unapproved Short Sale. Fully Remodeled & Income-Producing Duplex in Wynwood with 13 units potential. Rare opportunity to acquire a fully remodeled, income-producing duplex in the heart of Wynwood with exceptional redevelopment potential. Currently 100% leased, this property provides immediate cash flow while offering significant future upside for investors and developers.Zoned T4 with the NRD-2 Overlay, the property allows for the development of up to 13 residential units, making it an ideal opportunity to capitalize on one of Miami’s most dynamic and rapidly growing neighborhoods. An added advantage is the ability to develop without on-site parking requirements through contribution to the applicable parking fund, maximizing the site’s development potential and design flexibility.Located near Wynwood, Midtown Miami, the Design District, Downtown Miami,and major transportation corridors, this property combines current income with long-term development value.Property Highlights: Approved Short Sale, Fully remodeled duplex, Fully rented with immediate income, T4 Zoning with NRD-2 Overlay, Development potential for up to 13 residential units, No on-site parking requirement with contribution to applicable parking fund, Prime Wynwood location, Minutes from Midtown, Design District, Downtown Miami, and I-95,Excellent opportunity for investors and developers.Buyer to independently verify zoning, density, development rights, and parking requirements.

Details
Maps
Contract Information
Comp Sale YN: No
Listing Date: 2024-12-20
Status: Active
Original List Price: 1990000
List Price: $960,000
Current Price: $960,000
Location and Legal
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
City Name: Miami
Municipal Code: 1
Postal Zip: 33127
Subdivision Number: 19
Flood Zone: X
Country: United States
Street Number: 241
Street Direction Prefix: NW
Street Name: 34th
Street Suffix: Terrace
State Or Province: FL
Postal Code: 33127
Postal Code +4: 3432
Subdivision Name: WYND WOOD PARK
Area: 2310
Elementary School: Eneida Massas Hartner
Middle Or Junior School: Jose De Diego
High School: Booker T. Washington
Parcel Number: 0131250190690
Zoning: 3900
General Property Information
Number Of Units Total: 2
Adjusted Area Main: 1424
Living Area Main: 1576
Parking Total: 4
Stories Total: 2
Pool Private YN: No
Property Sub Type: Duplex
Building Area Main: 1680
Year Built: 1939
Financial Information
Estimated Monthly Assoc Recurring Fee: 0
Tax Annual Amount: 17639
Tax Year: 2023
Tax Legal Description: WYNDWOOD PARK PB 5-23 LOT 16 BLK 4 OR 15022-1087 0291 4 COC 26141-3266 01 2008 5
Office/Member Information
DXORIGMLSID: SEF
Flooring
Tile: 1
Property Condition
Resale: 1
Special Listing Conditions
Short Sale: 1
Documents Available
Other Available Information: 1
None: 1
Structure Type
Duplex: 1
Possession
Negotiable: 1
Sewer
Public Sewer: 1
Utilities
Cable Available: 1
Heating
Central: 1
Separate Meters: 1
Construction Materials
Block: 1
Listing Terms
Cash: 1
Roof
Shingle: 1
Income and Expenses
Gross Income: 5600
Cooling
Central Air: 1
Electric: 1
Showing Requirements
Call Listing Agent: 1
Lockbox: 1
Showing Service: 1
Tax Information
Tax Reflects No Exemptions: 1
Price Calculations
Current Price To SqFt: 609.13
Section Details
Parcel Number MLX: 0690
Status Change Information
Major Change Timestamp: 2026-10-23T10:25:15Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-10-23T10:25:15Z
Status Change Date: 2026-06-15
Originating Details
Originating System Key: 404674021
Originating System ID: M00000151
Property Features
Documents Available: Other Available Information; None
Flooring: Tile
Property Condition: Resale
Special Listing Conditions: Short Sale
Structure Type: Duplex
Construction Materials: Block
Cooling: Central Air; Electric
Heating: Central; Separate Meters
Listing Terms: Cash
Possession: Negotiable
Roof: Shingle
Sewer: Public Sewer
Tax Information: Tax Reflects No Exemptions
Utilities: Cable Available
Showing Requirements: Call Listing Agent; Lockbox; Showing Service

IDX
Listing Office: Lifestyle International Realty
Source MLS Verified

Last Updated: October - 23 - 2026

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