321 NW 37th St, Miami, 33127

  • $725,000

Buy

Miami

Quick Details

MLS #: A11745602
  • Property Type
  • Residential
  • 5750
  • Lot sqft

Description

NEW PRICE $725K! Attn Developers, Archs, Bldrs etc. Develop 5750 SF lot in Wynwood Norte RDD2 1 blk N of NW 36 St off NW 3rd Av. Nr Des Dist DT & Midtown. Build up to 6 story Mixed Use Comm/Resi bldg, maybe more w/entitlements. Density 150 units/ac. 80% lot coverage footprint approx 4,600 SF. less Lessor created easement for BB Co to operate. BB in NE cor. w/min setbacks, faces I-195 & SR-112. Buyer(s) assume 99-yr Grd Lease @ close. Rent = 18% of BB revenue, Lessee pays ST, utils, $2M prop & liab policy, Lessor is a co-insured. Lessor pays RE Tax. 2023 & 2024 NOI aver $26,182.24 = 3.61% ROI Cash on Cash @ $725K (no leverage). Valu is the lot. The BB revenue is a bonus. SOLD “AS-IS” cash to Seller, buyer(s) do own due diligence. Make your highest & best offer(s) now. Call w/questions

  • Address 321 NW 37th St
  • City Miami
  • State/county Florida
  • Zip/Postal Code 33127
  • Area Miami-dade County

Details

  • MLS #: A11745602
  • Price: $725,000
  • Land Area: 5750 sqft
  • Property Type: Residential
  • Property Status: Buy
Listed by Steven Epstein · The Keyes Company - Updated on February 28, 2025 at 1:06 pm

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For more information about this Residential for Buy currently listed for $725000 located in 321 NW 37th St Miami, Florida 33127 please call our real estate office at 1-(305) 728-0840

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