550 NW 30th St Miami, FL 33127
Wynwood NeighborhoodEstimated payment $10,174/month
Highlights
- No HOA
- Tile Flooring
- Central Heating and Cooling System
- Cooling System Mounted To A Wall/Window
About This Home
Located in the heart of Wynwood Norte is a prime investment opportunity offering strong in-place income with significant redevelopment potential. The property consists of two separate structures: A fully furnished 4-bedroom single-family home, currently leased to a short-term rental operator and a second building featuring four fully leased 1-bedroom apartments. Together, the property generates a solid monthly rental income of $11,400. Zoned T5-L, the site allows for future redevelopment of up to 22 residential units or 43 hotel units, presenting long-term upside in one of Miami’s most dynamic and rapidly evolving neighborhoods. This is a rare opportunity to acquire a stable asset with excellent cash flow and high-density zoning in one of Miami’s most sought-after neighborhoods.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $14,674
Year Built
- Built in 1930
Home Design
- Quadruplex
- Flat Roof with Façade front
- Shingle Roof
- Composition Roof
Interior Spaces
- 3,319 Sq Ft Home
- 2-Story Property
- Tile Flooring
Utilities
- Cooling System Mounted To A Wall/Window
- Central Heating and Cooling System
- Heating System Mounted To A Wall or Window
Listing and Financial Details
- Rent includes hot water, water
- Assessor Parcel Number 01-31-25-024-1930
Community Details
Overview
- No Home Owners Association
- Northern Blvd Track Condos
- Northern Blvd Track Subdivision
Building Details
- Operating Expense $47,880
- Net Operating Income $88,920
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
08/01/2025 08/01/25 | For Sale | $1,695,000 | -- | $511 / Sq Ft |
Source: MIAMI REALTORS® MLS
MLS Number: A11850757

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