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For Sale
Listed on June 23, 2025

A11827380

$3,890,000
0 Beds
0 Baths
2,983 sqft
0 Parkings
Lot size
-
Annual Tax
$55,984
Occupancy
Contact Agent
Year Built
1927
Property type
Multifamily
#MLS
A11827380

Description

Covered Land Play with In-Place Multifamily Income in the Heart of Wynwood Gridline Properties is proud to present 118 NW 24th Street—an exceptional covered land investment located in the urban core of Wynwood, one of Miami’s most transformative neighborhoods. Situated on a 7,500 SF lot, the property is improved with a 2,620 SF multifamily structure configured into eight residential units, currently producing stable in-place income. With flexible T5-O zoning, this site offers a unique opportunity to generate immediate cash flow while strategically land banking for future vertical development.118 NW 24th Street is ideally positioned for future repositioning or redevelopment up to five stories, with a mix of residential, retail, or short-term rental uses.

Gridline Properties

Features & Details

Learn about the features and details of A11827380

Property Details

  • Property Type
    Quadruplex
  • Living Area
    2,983 sqft
  • Year Built
    1927
  • Lot Size
    -
  • Stories
    -
  • Annual Tax
    $55,984.00
  • List Date
    6/23/2025
  • Updated
    10/2/2025
  • Last Checked
    Recent
  • MLS Number
    #A11827380
  • Brokerage
    Gridline Properties
  • Postal Code
    33181
  • Area
    Miami-Dade
  • City
    Miami

Additional Property Features

  • Occupancy
    CallAgent
  • List Price
    $3,890,000.00
  • Unit Number
    -
  • Construction
    Other
  • Heating
    None
  • Fireplaces
    -
  • Garage
    -
  • Parking Type
    No
  • Pets Allowed
    No
  • Air Conditioning
    Other
  • Elevator
    No
  • Locker
    No
  • Swimming Pool
    None
  • Patio
    No
  • Basement
    No
  • Den
    No
  • Central Vacuum
    No
  • Garage Type
    No

Additional Listing Information

  • Walk Score
    –
  • Property Manager
    -
  • Utilities Included
    None
  • Furnished
    No
  • Assessment Year
    2025
  • Assignment
    No
  • Extras Included
    None

Inside

  • Bedrooms & Baths
    0 Bed, 0 Bath
  • Ensuite
    Yes
  • Bathrooms
    0
  • Flooring
    Mixed

Price history

Learn about the price history of A11827380

Virtual Tour

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Real estate trends

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Explore Miami-Dade

Learn about the area around A11827380

Mortgage Calculator
Estimate monthly payments for null
$0
20.0%
$3,890,000
1%
5.25%
10%
Estimated Monthly Payment

$18,649

Cash Flow Analysis
Mortgage Payment:
$18,648.59
Monthly Payment:
$23,313.92
Break Even Down Payment:
100%
Cash Flow
$0
Disclaimer: This calculator provides estimates for informational purposes only. Consult a financial advisor for personalized advice.

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About this property

Discover this beautiful quadruplex in the heart of Arch Creek East, Miami. This well-appointed property offers 2,983 square feet of living space. Originally built in 1927. Offered at $3,890,000.00 Don't miss this opportunity to own in one of the area's most desirable locations.

FAQs About A11827380

Miami Association of REALTORS®
Based on information from the Miami Association of REALTORS®. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information.
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A11827380