241 NW 34th Ter
Miami, FL, 33127 $ 1,040,000
Bedrooms2 Baths2.0 Sq 1,576 Monthly Estimate*
$ 7,183
for $1,040,000 with 2 bedrooms and 2 full baths. This 1,576 square foot home was built in 1939.
Approved Short Sale. Fully Remodeled & Income-Producing Duplex in Wynwood with 13 units potential. Rare opportunity to acquire a fully remodeled, income-producing duplex in the heart of Wynwood with exceptional redevelopment potential. Currently 100% leased, this property provides immediate cash flow while offering significant future upside for investors and developers. Zoned T4 with the NRD-2 Overlay, the property allows for the development of up to 13 residential units, making it an ideal opportunity to capitalize on one of Miami’s most dynamic and rapidly growing neighborhoods. An added advantage is the ability to develop without on-site parking requirements through contribution to the applicable parking fund, maximizing the site’s development potential and design flexibility. Located near Wynwood, Midtown Miami, the Design District, Downtown Miami,and major transportation corridors, this property combines current income with long-term development value. Property Highlights: Approved Short Sale, Fully remodeled duplex, Fully rented with immediate income, T4 Zoning with NRD-2 Overlay, Development potential for up to 13 residential units, No on-site parking requirement with contribution to applicable parking fund, Prime Wynwood location, Minutes from Midtown, Design District, Downtown Miami, and I-95,Excellent opportunity for investors and developers. Buyer to independently verify zoning, density, development rights, and parking requirements.
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FeaturesGeneralSewer PublicSewer
Heating Central
Cooling CentralAir Electric
Utilities CableAvailable
Possession ClosingAndFunding
Roof Shingle
Pool Features None
Construction Materials Block
Year Built 1939
Stories Count 2
Levels Two
Property Subtype Duplex
Tax Year 2023
County Miami-Dade
Property Type ResidentialIncome
Subdivision Name WYND WOOD PARK
Rent Includes Electricity HotWater PestControl TrashCollection CableTv Water
Full Baths 2
Special Listing Conditions ShortSale
Status Active
City Miami
Zoning Description 3900
Number Of Units Total 1
MLS Area 31
Lot Size Units SquareFeet
Listing Terms Cash
Year Built Details Resale
Tax Annual Amount 17639
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11711586
Standard Status Active
Occupancy Type Vacant
Property Sub Type Additional Duplex
Legal Description WYNDWOOD PARK PB 5-23 LOT 16 BLK 4 OR 15022-1087 0291 4 COC 26141-3266 01 2008 5
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InteriorFlooring Tile
Air Conditioning Y/N true
Heating Y/N true
Half Baths 0
Total Bedrooms 2
Total Baths 0
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ExteriorLot Features LessThanQuarterAcre
Total Parking 4
Building Area Total 1680
Waterfront Y/N false
Covered Spaces 0
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* Excluded FeaturesList ByLifestyle International RealtyBroker
sherry@lebowitzgroup.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $7,183
- Monthly Property Taxes
- $1,470
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Miami, FL
Average List Price $1,275,430
Percent of Sale Price 23%
About Miami, FL 450,829 Population
25% Since 2002
$ 39,267 Median Income
40.58 Median Age
22% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 6/15/2026 | $1,040,000 | -8.77% | Price Down |
| 6/15/2026 | $1,140,000 | 26.67% | Price Up |
| 10/22/2025 | $900,000 | | Listed Price |