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251 NW 34th Terrace, Miami, FL 33127
$1,140,000
Property Type:
Residential Income
Square Footage:
2,784
Status:
Active
Current Price:
$1,140,000
List Date:
12/20/2024
Last Modified:
6/16/2026
Overview
Description
...
(Read more)
Exceptional opportunity to acquire an income-producing duplex in the heart of Wynwood with significant redevelopment potential. Currently fully rented, this property offers immediate cash flow while providing investors and developers the opportunity to capitalize on one of Miami’s fastest-growing neighborhoods. Zoned T4 with the NRD-2 Overlay, the property allows for the development of up to 18 residential units. The neighboring property at 241 NW 34th Terrace allows for up to 13 residential units, creating a unique assemblage opportunity with the potential for a larger-scale development project.Added advantage: develop without on-site parking by contributing to the applicable parking fund, maximizing flexibility. Near Wynwood, Midtown, Design District, Downtown Miami, and major corridors, offering current income plus long-term upside.Property Highlights: Short Sale Opportunity, Fully rented duplex with immediate income, T4 Zoning with NRD-2 Overlay, Development potential for up to 18 units, Adjacent to 241 NW 34th Terrace (up to 13 units), Potential assemblage opportunity, No on-site parking required (parking fund contribution applies), Prime Wynwood location, Minutes to Midtown, Design District, Downtown Miami & I-95, Ideal for investors and developers.Buyer to independently verify zoning, density, development rights, assemblage potential, and parking requirements.
Listing Details MLS# A11925609
General Property Information
- Number Of Units Total
- 4
- Property Sub Type
- Quadruplex
- Building Area Main
- 2784
- Living Area Main
- 2784
- Adjusted Area Main
- 2505
- Year Built
- 1926
- Parking Total
- 4
- Stories Total
- 2
- Pool Private YN
- No
Property Features
Documents Available:
Other Available Information; None
Flooring:
Tile
Property Condition:
Resale
Special Listing Conditions:
Short Sale
Structure Type:
Multi Family
Construction Materials:
CBS
Cooling:
Central Air
Heating:
Separate Meters; None
Listing Terms:
Cash
Possession:
Negotiable
Roof:
Flat
Sewer:
Public Sewer
Tax Information:
Tax Reflects No Exemptions
Utilities:
Cable Available
Showing Requirements:
Showing Service
Unit 1 Parking Features:
Parking Space
Unit 2 Parking Features:
Parking Space
Unit 3 Parking Features:
Parking Space
Unit 4 Parking Features:
Parking Space
Contract Information
- Comp Sale YN
- No
- Original List Price
- 1150000
Location and Legal
- Country
- United States
- County Or Parish
- Miami-Dade
- County Parish Name
- Miami-Dade
- Street Number
- 251
- Street Direction Prefix
- NW
- Street Name
- 34th
- Street Suffix
- Terrace
- City Name
- Miami
- Municipal Code
- Yes
- State Or Province
- FL
- Postal Code
- 33127
- Postal Code +4
- 3474
- Postal Zip
- 33127
- Subdivision Name
- WYND WOOD PARK
- Area
- 2310
- Elementary School
- Eneida Massas Hartner
- Middle Or Junior School
- Jose De Diego
- High School
- Booker T. Washington
- Parcel Number
- 0131250190680
- Subdivision Number
- 19
- Zoning
- 3900
- Flood Zone
- X
Financial Information
- Tax Annual Amount
- 15524
- Tax Year
- 2023
- Tax Legal Description
- WYNDWOOD PARK PB 5-23 LOT 15 BLK 4 OR 13193-1334 0287 1
Status Change Information
- Major Change Timestamp
- 2026-06-15T15:38:52Z
- Major Change Type
- Back on Market
- Price Change Timestamp
- 2026-06-15T15:38:14Z
- Status Change Date
- 2026-06-15
More Information
Short Sale Details
- Lender Approval
- Approved
Income and Expenses
- Gross Income
- 5550
Unit 1 Details
- Actual Rent
- 1250
- Baths Full
- Yes
- Efficiency YN
- No
Unit 1 Lease Description
- Lease Term
- Month To Month
Unit 2 Details
- Actual Rent
- 1600
- Baths Full
- Yes
- Efficiency YN
- No
Unit 2 Lease Description
- Lease Term
- Month To Month
Unit 3 Details
- Actual Rent
- 1200
- Baths Full
- Yes
- Efficiency YN
- No
Unit 3 Lease Description
- Lease Term
- Month To Month
Unit 4 Details
- Actual Rent
- 1500
- Baths Full
- Yes
- Efficiency YN
- No
Unit 4 Lease Description
- Lease Term
- Month To Month
Price Calculations
- Current Price To SqFt
- 409.48
Section Details
- Parcel Number MLX
- 0680
Originating Details
- Originating System Key
- 423961272
- Originating System ID
- M00000151
Office/Member Information
- DXORIGMLSID
- SEF
Flooring
- Tile
- Yes
Property Condition
- Resale
- Yes
Special Listing Conditions
- Short Sale
- Yes
Documents Available
- Other Available Information
- Yes
- None
- Yes
Structure Type
- Multi Family
- Yes
Possession
- Negotiable
- Yes
Sewer
- Public Sewer
- Yes
Utilities
- Cable Available
- Yes
Heating
- Separate Meters
- Yes
- None
- Yes
Construction Materials
- CBS
- Yes
Listing Terms
- Cash
- Yes
Roof
- Flat
- Yes
Cooling
- Central Air
- Yes
Showing Requirements
- Showing Service
- Yes
Tax Information
- Tax Reflects No Exemptions
- Yes
Unit 1 Parking Features
- Parking Space
- Yes
Unit 2 Parking Features
- Parking Space
- Yes
Unit 3 Parking Features
- Parking Space
- Yes
Unit 4 Parking Features
- Parking Space
- Yes
Listing Office:
Lifestyle International Realty
Last Updated: June - 16 - 2026
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