3128 3rd Ave ,Residential, Northern Blvd Track for Sale

3128 3rd Ave for Sale

Price $859,000.00

• Lot size 4760
• Year Build
• Waterfront
• Zip 33127
• Style
• Parking Description
• Pool Yes
• Status Active With Contract

Description

Don't miss the lowest-priced covered land play in coveted Wynwood Norte, this prime investment T-4R property with NRD-2 Zoning Overlay presents an exceptional chance to build up to 3 stories and 16 units as of right, without parking requirements. Also works as a luxury townhomes site. Strategically located near Wynwood, Midtown, Design District and flanked by the I-95 and I-195, it currently consists of two units?a front 4/2, and a rear 1/1 plus detached room. New central AC system. Rented for $5200, yielding a 5.1% cap rate while you develop plans. The layouts are for illustration purposes, no plans submitted.

Video tours of the property are available upon request. Owner-agent. Do not disturb tenants. Rented for $5200, yielding a 5.1% cap rate while you develop plans (assuming full asking price and 30% expense ratio).

NORTHERN BLVD TR PB 2-29 S47.6FT OF N97.6FT OF LOTS 1 & 2 BLK 5 LOT SIZE 47.600 X 100 OR 14441-1049 0589 1 COC 24046-2699 12 2005 1

City Location, Less Than 1 Acre

Don't miss the lowest-priced covered land play in coveted Wynwood Norte, this prime investment T-4R property with NRD-2 Zoning Overlay presents an exceptional chance to build up to 3 stories and 16 units as of right, without parking requirements. Also works as a luxury townhomes site. Strategically located near Wynwood, Midtown, Design District and flanked by the I-95 and I-195, it currently consists of two units?a front 4/2, and a rear 1/1 plus detached room. New central AC system. Rented for $5200, yielding a 5.1% cap rate while you develop plans. The layouts are for illustration purposes, no plans submitted.

City:Miami,Zoning:3900,List A O R:A-Miami Association of REALTORS,Tax Year:2023,Latitude:25.8062563,List Price:859000,Listing Id:A11600817,Longitude:-80.201548,Mls Status:Active With Contract,Utilities:1:Natural Gas Connected,2:Sewer Connected,3:Water Connected,4:Cable Available,5:Phone Available,6:Trash Removal,Current Use:1:Other Usage,2:Income (Other),Postal Code:33127,Street Name:3rd Ave,Coordinates:1:25.8062563,Lot Features:1:Less Than 1 Acre,Photos Count:32,Building Name:NORTHERN BLVD TRACK,Days On Market:205,Listing Terms:1:Conventional,2:Exchange,3:Owner Will Carry,Lot Size Acres:0.11,Lot Size Units:Square Feet,M I A M I R E_ Area:31,M L S Area Major:Northern Blvd Track,On Market Date:2024-06-04,Parcel Number:01-31-25-024-0810,Property Type:Commercial Land,Street Number:3128,Public Remarks:Don't miss the lowest-priced covered land play in coveted Wynwood Norte, this prime investment T-4R property with NRD-2 Zoning Overlay presents an exceptional chance to build up to 3 stories and 16 units as of right, without parking requirements. Also works as a luxury townhomes site. Strategically located near Wynwood, Midtown, Design District and flanked by the I-95 and I-195, it currently consists of two units?a front 4/2, and a rear 1/1 plus detached room. New central AC system. Rented for $5200, yielding a 5.1% cap rate while you develop plans. The layouts are for illustration purposes, no plans submitted.,County Or Parish:Miami-Dade County,Frontage Length:48,List Office Name:LoKation,Private Remarks:Video tours of the property are available upon request. Owner-agent. Do not disturb tenants. Rented for $5200, yielding a 5.1% cap rate while you develop plans (assuming full asking price and 30% expense ratio).,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:Price Decrease,Postal Code Plus4:3726,Property Sub Type:Residential,State Or Province:FL,Street Dir Prefix:NW,Subdivision Name:NORTHERN BLVD TRACK,Tax Annual Amount:8942,Unparsed Address:3128 NW 3rd Ave, Miami FL 33127,Listing Agreement:Exclusive Agency,Building Area Units:Square Feet,Lot Size Dimensions:48x100,Lot Size Square Feet:4760,M I A M I R E_ L P Amt Sq Ft:180.4622,Original List Price:865000,Previous List Price:899000,Public Survey Range:31,I D X Participation Y N:1,Syndication Remarks:Don't miss the lowest-priced covered land play in coveted Wynwood Norte, this prime investment T-4R property with NRD-2 Zoning Overlay presents an exceptional chance to build up to 3 stories and 16 units as of right, without parking requirements. Also works as a luxury townhomes site. Strategically located near Wynwood, Midtown, Design District and flanked by the I-95 and I-195, it currently consists of two units?a front 4/2, and a rear 1/1 plus detached room. New central AC system. Rented for $5200, yielding a 5.1% cap rate while you develop plans. The layouts are for illustration purposes, no plans submitted.,Listing Contract Date:2024-06-04,Originating System I D:miamire,Public Survey Section:25,Showing Instructions:Call Listing Agent,No Sign,Street Number Numeric:3128,Tax Legal Description:NORTHERN BLVD TR PB 2-29 S47.6FT OF N97.6FT OF LOTS 1 & 2 BLK 5 LOT SIZE 47.600 X 100 OR 14441-1049 0589 1 COC 24046-2699 12 2005 1,Gross Scheduled Income:4800,Public Survey Township:31,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:Lowest-priced covered land play in Wynwood Norte! Build 3-stories, 16 units, no parking req. Rented for $5200, 5.1% cap rate while you develop plans.,M I A M I R E_ Showing Time Flag:1,Contract Status Change Date:2024-06-04,Internet Address Display Y N:1,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:Yes - Attribution NOT Required,Internet Entire Listing Display Y N:1,Internet Automated Valuation Display Y N:1,