For Sale

Northeast 28th Street, Wynwood, Miami, United States

Miami-Dade County, FL 33137

$2,700,000

Multi-family
9,282 SF building
5,550 SF lot
$291/SF

Highlights

9,282 SF building on a 5,550 SF lot
12 units
Asking $291/SF

Property facts

Price: $2,700,000
Price per SF: $291/SF
Property type: Multi-family
Building size: 9,282 SF
Lot size: 5,550 SF
Units: 12

About this property

Edgewater 12 Unit Multi Deal on T6-36-O land. 236 NE 28th Street presents a rare opportunity to acquire a beautiful vintage ‘20s income-producing 12-unit multifamily property with T6-36-O zoning, allowing for future vertical development up to 36 stories. Situated on a 5,550 SF lot, this property sits in a prime urban core location near Wynwood, Midtown, and the Design District, ideal for both short- and long-term investment strategies. With current rents delivering over $136,000 in net income and a proforma of $246,136, investors can enjoy solid cash flow while land banking for future development.

From the listing broker.