Miami, FL 33127 321 NW 37th St
$700,000
44 more
Presented By: This listing is courtesy of The Keyes Company;
Home Details
$700K FIRM!!! Attn Developers, Archs, Bldrs. Investors. Develop 5750 SF lot in Wynwood Norte RDD2 1 blk N of NW 36 St off NW 3rd Av. Nr Design District Midtown & Downtown. 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 in NE cor. w/min setbacks. BB faces I-195 & SR-112. Buyer(s) assumes 99-yr Grd Lease @ closing. Rent = 18% BB revenue sharing, Lessee pays ST, utils, $2M prop & liab policy, Lessor is co-insured. Lessor pays RE Tax. In 2024 NOI $30,516 shows 4.36% Return on Investment (ROI) Cash on Cash $700K (no leverage). Valu is the lot. The BB revenue is a plus. SOLD “AS-IS” cash to Seller, buyer(s) do own due diligence. Call now w/questions.
Presented By: This listing is courtesy of The Keyes Company;
Interior Features for 321 NW 37th St
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NNo
General for 321 NW 37th St
Additional Parcels Y/NNo
Attached Garage No
Carport Y/NNo
CityMiami
CountyMiami-Dade
DirectionsNW 36th St. to NW 3rd Ave. Go north to NW 37 St turn West to property on north side of the street. Look for Sign
Electric On Property Y/NNo
Garage Y/NNo
Gross Income41231.0
HOANo
Home Warranty Y/NNo
Insurance Expense0.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Legal DescriptionBAY VISTA PK PB 5-47 LOT 22 BLK 44 & 15FT OF ALLEY LYG N & ADJ CLOSED PER ORD 13492 LOT SIZE 5750 SQ FT M/L
Listing TermsCash, Conventional, Cryptocurrency
Lot Size Square Feet5750.0
Lot Size UnitsSquareFeet
MLS Area31
MobileHomeRemainsYNNo
Net Operating Income30516.0
New ConstructionNo
Operating Expense10715.0
OwnershipOther Ownership
PossessionClosingAndFunding, SubjectToTenantRights
PostalCityMiami
Property Attached Y/NNo
Property Sub Type AdditionalResidential
Property SubtypeResidential
Property TypeLand
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer, Other
Standard StatusActive
StatusActive
Subdivision NameBay Vista Park
Tax Annual Amount10715.0
Tax Year2024
UtilitiesElectricityAvailable, Other
Virtual TourClick here
Waterfront Y/NNo
Zoning Description6100
Exterior for 321 NW 37th St
Covered Spaces0.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions50x115
Lot FeaturesLessThanOneAcre, Other, RectangularLot
Lot Size Acres0.132
Lot Size Area5750.0
Number of Lots1
Open Parking Y/NNo
Private PoolNo
Road ResponsibilityPublicMaintainedRoad
Road Surface TypePaved
SpaNo
VegetationGrassed, Other
Water SourcePublic, Other
Additional Details
Price History
Winsome Smith-Coke
Realtor®
