160 NW 33 St Miami, FL 33127
A multi-family development opportunity in Wynwood Norte. Featuring a 5,000 sq. ft. lot, this property can consist of 2 micro retail of about 500 SF or less rented at $3k each and 14 x 650 SF apartments of 2 bedrooms and 2 bathrooms each generating around $2700 each on long term leases and 4 floors. Total forecast rental income of finished building (in today’s market) $43,800 per month. Demolition scheduled for august 2022. Plans to be submitted to the city around June 2022 approx 7 months for approval. This property a T4 zoning is a new zoning category for Miami Wynwood Norte that allows for a transition of building massing (size and bulk) between single family and multi- family housing. Additionally, the option of adding some small neighborhood businesses and offices allows for the traditional mom and pop corner store and for small business owners to live near their establishments.