Address Withheld By Seller, Miami, FL 33127
Local realty services provided by:Better Homes and Gardens Real Estate Destinations



Listed by:alfredo riascos
Office:gridline properties
MLS#:A11827380
Source:SEFMLS
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Price summary
- Price:$3,915,000
- Price per sq. ft.:$1,312.44
About this home
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.
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Home facts
- Year built:1927
- Listing Id #:A11827380
- Updated:August 15, 2025 at 09:55 AM
Rooms and interior
- Living area:2,983 sq. ft.
Structure and exterior
- Year built:1927
- Building area:2,983 sq. ft.
Finances and disclosures
- Price:$3,915,000
- Price per sq. ft.:$1,312.44
- Tax amount:$55,984 (2025)
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