WorkspaceDiscoverRedevelopment research · Miami · Miami-Dade County
266 NW 32nd St, Miami
North Wynwood property marketed for redevelopment on a 7,100 SF lot. Seller describes a potential 24-unit concept under T4-R / NRD-2; municipal approval has not been verified.
Recorded status: Public listing page: for sale; confirm current availability. Checked: .
Dated listing record · recheck availability and legal unit count.
- Asking price
- $1,200,000
Monthly rent · Scenario: Not reported
Assumptions behind these estimates
Starting values for this brief. Change any of them in the interactive brief; your changes stay in your browser. Default values
| Input | Value | Basis |
|---|---|---|
| Total scheduled rent per month | Not set | Needs your estimate |
| Vacancy (%) | 5% | Matches planning allowance |
| Management (% of collected rent) | 8% | Matches planning allowance |
| Maintenance (% of total rent) | 5% | Matches planning allowance |
| Buyer annual tax assumption (% of price) | 2% | Matches planning allowance |
| Annual insurance | Not set | Needs your estimate |
| Annual owner-paid utilities | Not set | Needs your estimate |
| Monthly HOA or condo fees | $0 | Matches source observation |
| Other annual operating expenses | Not set | Needs your estimate |
| Capital reserves (% of total rent) | 3% | Matches planning allowance |
| Down payment (%) | 100% | Matches planning allowance |
| Mortgage rate (%) | 7% | Matches planning allowance |
- HOA / month
- $0
- Historical property tax / year
- $13,324
- HOA + historical tax / month
- $1,110
$1,110/month goes to reported HOA and historical tax alone. Rental income would have to cover this plus the remaining ownership costs.
HOA + historical tax only. Excludes insurance, assessments, upkeep and financing; buyer taxes can change.
Broker info & key considerations To confirm
- The advertised $52,800 annual income is a projection, not a current rent roll; current rent and NOI remain unknown.
- Potential density, three-story massing and street-parking claims require a parcel-specific city determination. No plans or transferable entitlements were inspected.
- The 7,100 SF figure is lot area, not living area. Existing legal units and building area remain unknown.
Source evidence and diligence
Financial figures observed Sep 29, 2026. Reported income is not audited collections. Editable estimates, financing and saved assumptions are separate from these source facts.
Gross rental yield basis
Needs supported whole-property rent or your rent assumption and a positive asking price. Unknown rent is not zero.
Sources
- Public listing / MLS A12058343 · source reviewed 29 Sep 2026Source observation · Sep 29, 2026
Questions to resolve
- Obtain executed leases, collection history and tenant estoppels before relying on income or possession.
- Verify permitted use, association obligations, assessments, buyer taxes and insurance costs.
Similar properties
- 1975–1977 71st St, Miami Beach: redevelopment research, asking $1,599,000
- 2765 NW 17th Ter, Miami: redevelopment research, asking $1,625,000
- 927 4th St, Miami Beach: redevelopment research, asking $1,699,000
Florida property research
Research scope includes Miami-Dade, Broward, the Florida Keys and Flagler County. Published observations vary by market.
[1] Gross yield excludes costs and financing. Source figures are unverified; estimates use editable assumptions. Check current listing availability. County records are separate from listings. Saves stay in this browser; export a backup before clearing site data. Sources & methods