Miami, FL, 33127
$1,500,000












+ 6 more photos
Income-producing 4-plex — configured as two separate duplexes — on a rare 13,500 SF T4-O corner lot in Miami's fast-growing Allapattah/Wynwood-edge corridor. The property delivers steady in-place rental income today (approximately $8,000/month) while offering significant long-term upside under flexible T4-O zoning, which permits multifamily, townhomes, live/work, and mixed-use development. Hold it as a stabilized cash-flowing asset, reposition the units, or land-bank for future redevelopment on a corner site with dual frontage. Major upside: the adjacent lot at 1027 NW 29 Street is also available and already carries site-plan approval for a 50-unit, 8-story mixed-use building. Acquire both together to control a ±24,187 SF assemblage — phase two separate projects, or combine the parcels to expand the approved development and add structured parking. Minutes to Wynwood, Midtown, the Design District, Edgewater, and Downtown Miami, with direct I-95 access. A rare chance to own cash-flowing multifamily with a built-in development play next door.
Explore the full Miami market intelligence report — pricing trends, inventory & sales pace.
Listing courtesy of Fausto Commercial Realty Consultants Inc, 3059153492. Listing information courtesy of the MIAMI Association of REALTORS® IDX feed. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS's IDX Program. This information is being provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.