167 NW 38th St, Miami, FL 33127
Are you looking for a cash flow producing income property every month? 167 NW 38th St. Is a lovely remodeled, gated 8-Unit property adjacent to the Miami Design District and just 10 minutes by car to the Miami International Airport and to the Beach. The property has undergone a complete gut renovation over the past 3 years. All permits have been finalized and closed. 40-year recertification in 2020. Certificate of Occupancy in 2022. The property is currently being marketed 100% occupied as a short-term income-producing property, its T4-O commercial zoning, it has many other uses By Right including multifamily, bed and breakfast, Inn, offices, and much more. Unique development like that in this hottest area in Miami.
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There aren't too many bidding wars right now in 33127, with homes selling 4% below asking price over the last three months.
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This home is in flood zone X which is low risk. Flood insurance is available for properties in this zone, but is not required.
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