118 NW 24th St, Miami FL 33127

Located at 118 NW 24th St, Miami FL 33127, MARKS SUB is a detached quadruplex (Residential Income) built in 1927 in the MARKS SUB subdivision of Miami-Dade County. The building offers approximately 2,983 sq ft of living area on a 7,500 SF lot and is zoned T5-O/NRD-1.

This Wynwood multifamily investment features eight studios (8/8) and is a covered land play — the owner can continue to receive income while working on development plans. Current income is about $12,400/month, and all tenant leases are up-to-date, making it a solid opportunity for an owner-user or developer. The property includes 8 street parking spaces (City decal), a new roof installed in 2016, a WiFi network for all tenants, a central washer and dryer plus a laundry facility. Cooling is by wall/window unit(s); there is no heating. Minutes from the Miami Design District, Midtown, Allapattah, Miami Beach, Downtown Miami and more.