Homes for Sale in Coral Gables, Brickell, Miami, Miami Beach, Edgewater | Raquel Palmieri - EWM Realty
Listed By:
This listing is courtesy of Fausto Commercial Realty Consultants Inc
Address
244 Nw 32nd St, Miami, FL
Price
$ 1,175,000
Property Attributes
  • MLS#A12010516
  • TypeIncome
  • Listing Status Active
  • CountyMiami-Dade
  • CityMiami
  • Area31
  • NeighborhoodWYND WOOD PARK
  • Zip33127
  • Style
  • Year Built1937
  • Taxes$ 1259172
  • Price$ 1,175,000
  • Bedrooms3
  • Full Bathrooms1
  • Half Bathrooms0
  • Sqr Footage1800
Data Source:
Southeast Florida MLS (SEFMLS)
Property Description

Wynwood Norte | Covered Land Play — 24-Unit By-Right Development with Income In Place A rare chance to enter one of Miami's hottest corridors with cash flow from day one and a clear path to 24 units — no variances, no parking, just execute. The existing ±2,000 SF triplex generates $4,000/month ($34,200 NOI), with tenants covering utilities and maintenance — keeping carry costs low while you permit and design. Zoned T4-R within the NRD-2 overlay, the site allows up to 150 units/acre by right, with zero parking requirements and zero variances needed — multifamily or fee-simple townhomes, your call. Just west of Midtown Miami and the Design District, Wynwood Norte sits in one of South Florida's most active development pipelines — 6,000+ units and 2M+ SF of office planned nearby. Easy access to I-95, Wynwood, Edgewater, Downtown, and Miami Beach. Our team has closed 5 sites in Wynwood Norte and can support you on design, underwriting, entitlements, and introductions to lenders, architects, and builders who know this market. Income in place. Simple zoning. No parking headaches. No variance risk. Just execute. DO NOT DISTURB TENANTS — Showings by appointment only.

Price History
4/30/2026 Listed $1,175,000

General Features

Sewer Public Sewer
Heating None,Other
Cooling Central Air
Utilities Cable Available
Possession Close Of Escrow
Roof Concrete
Pool Features None
Construction Materials Block
Year Built 1937
Stories Count 2
Levels Two
Property Subtype Triplex
Tax Year 2025
County Miami-Dade
Property Type Residential Income
Subdivision Name WYND WOOD PARK
Rent Includes Sewer
Full Baths 1
Status Active
City Miami
Zoning Description 3900
Number Of Units Total 1
MLS Area 31
Lot Size Units Square Feet
Listing Terms Cash
Year Built Details Effective Year Built
Tax Annual Amount 1259172
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12010516
Standard Status Active
Occupancy Type Tenant
Property Sub Type Additional Triplex
PostalCity Miami
Legal Description WYNDWOOD PARK PB 5-23 LOT 4 BLK 16 LOT SIZE 50.000 X 142 OR 21236-0441 01 2003 4 COC 22183-0413 03 2004 1

Interior Features

Flooring Other
Air Conditioning Y/N true
Heating Y/N false
Total Bedrooms 3

Exterior Features

Lot Features < 1/4 Acre
Total Parking 8
Building Area Total 7100
Waterfront Y/N false

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 33127

Price
AVG $1.35M
$1.18M
Taxes
AVG $33,950
$1,259,172
Year Built
AVG 1957
1937