321 NW 31st St, Miami FL 33127,Miami,Miami-Dade County,Commercial Land

321 NW 31st Street is located in Miami, FL, within the Wynwood Norte neighborhood. The property is located south of I-195 and east of I-95, within walking distance to the Wynwood Arts District, Wynwood Walls, and a wide variety of eclectic restaurants, art galleries, and retail shops. This duplex was built in 1957 consisting of (2) two-bedroom, one-bath units totaling approximately 654 square feet of livable space. Currently, the property is not generating income and allows for a re-development opportunity to benefit from the NRD-2 zoning ordinance which encourages dense infill developments. The asset also allows a new owner to enter and complete a full rehab project and own in one of Miami’s trendiest areas where elevated demand and tight vacancies have driven significant rental gains.