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Cash Cow $220k gross income! – 3490 NW 32 Ave

3490, Northwest 32nd Avenue, Fronton Trailer Park, Miami, Miami-Dade County, Florida, 33142, United States
3490 NW 32nd Ave Miami 3490 NW 32nd Ave Miami 3490 NW 32nd Ave Miami 3490 NW 32nd Ave Miami 3490 NW 32nd Ave Miami 3490 NW 32nd Ave Miami 3490 NW 32nd Ave Miami 3490 NW 32nd Ave Miami 3490 NW 32nd Ave Miami 3490 NW 32nd Ave Miami 3490 NW 32nd Ave Miami 3490 NW 32nd Ave Miami 3490 NW 32nd Ave Miami 3490 NW 32nd Ave Miami 3490 NW 32nd Ave Miami 3490 NW 32nd Ave Miami 3490 NW 32nd Ave Miami 3490 NW 32nd Ave Miami 3490 NW 32nd Ave Miami 3490 NW 32nd Ave Miami
  • Retail
  • Property Type
  • 5
  • Units
  • 6,213
  • ft²
  • 13,800
  • Lot ft²
For Sale
Cash Cow $220k gross income! – 3490 NW 32 Ave
3490, Northwest 32nd Avenue, Fronton Trailer Park, Miami, Miami-Dade County, Florida, 33142, United States

Details

Updated on December 5, 2024 at 8:08 pm
  • Property ID: FC-3490 nw 32 avenue
  • Price: $2,900,000
  • Property Size: 6,213 ft²
  • Land Area: 13,800 ft²
  • Units: 5
  • Property Type: Retail
  • Property Status: For Sale

Description

Seize this exceptional investment opportunity in a high-traffic, mixed-use property along NW 32nd Avenue, just blocks from Miami’s main NW 36th Street corridor. This versatile property delivers multiple income streams, featuring a spacious restaurant/nightclub generating $9,000 monthly on the ground floor and four residential units producing $7,200 monthly, with potential for 15-20% income growth without major repairs – current in place is $220,000 gross rental income. A well-maintained CBS duplex includes two 2-bed, 1-bath units currently rented below market, presenting immediate upside. The property also includes a yard leased for truck parking and storage, adding $2,400 monthly.

With substantial land banking potential, this property qualifies under the new Live Local SB 102 Act, offering the chance to enhance density and building height for a transformative high-density, mixed-use development. Possible block assemblage available 

 

  • Cash Cow Generating over $220,000 in gross rental income with room for increase of 10-15%
  • SB 102 Land Bank opportunity, block assemblage possible.

Property Documents

3490 NW 32ND AVE
  • Address 3490, Northwest 32nd Avenue, Fronton Trailer Park, Miami, Miami-Dade County, Florida, 33142, United States
  • City Miami
  • State/county Miami-Dade County
  • Zip/Postal Code 33142

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