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225 NW 16th St

Miami, FL 33136
  • $1,575,000
  • STATUS: Active
  • ON SITE: 227 Days
  • MLS #: A11469018
$1,575,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,528
    SQFT
  • $446
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1954
County:

School Ratings & Info

Description

THIS IS A 8 UNIT a prime opportunity: 8 one-bedroom, one-bath apartments in Overtown. Units boast a strategic location and robust income potential. Maintained as-is or developed further, they are conveniently situated next to a substantial new construction project. A recent 40 yr inspection passed (report attached) Prospective buyers could potentially assume the existing loan or a purchase money mortgage. With rents currently below market rates (allowing room for increased capitalization), these apartments are strong income generators. Refer to the attached rent roll (excluding one recently leased at $1350) Each unit features separate water and electric meters, as well as wall-mounted AC units, ensuring tenant independence. New roof (2022), meters and electrical serv (2023) add to value.

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Copyright 2024, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2024, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2024-05-26T22:52:48.283.
www.curatedresidences.com/homes/144362646
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225 NW 16th St Miami, FL 33136

  • Price: $1,575,000
  • Status: Active
  • On Site: 227 Days
  • MLS #: A11469018
0
Beds
0
Baths
0
½ Baths
N/A
Acres
3,528
SQFT
$446
$/SQFT
1954
Built
Neighborhood:
Ericksons Sub
County:
Miami-Dade
Area:
Ericksons Sub
Property Description
THIS IS A 8 UNIT a prime opportunity: 8 one-bedroom, one-bath apartments in Overtown. Units boast a strategic location and robust income potential. Maintained as-is or developed further, they are conveniently situated next to a substantial new construction project. A recent 40 yr inspection passed (report attached) Prospective buyers could potentially assume the existing loan or a purchase money mortgage. With rents currently below market rates (allowing room for increased capitalization), these apartments are strong income generators. Refer to the attached rent roll (excluding one recently leased at $1350) Each unit features separate water and electric meters, as well as wall-mounted AC units, ensuring tenant independence. New roof (2022), meters and electrical serv (2023) add to value.
Exterior Features

Architectural Style Other Construction Materials CBS Construction Lot Features Less Than 1/4 Acre Lot Parking Total 3 Pool Private YN No Roof Built-Up View YN No Waterfront YN No

Interior Features

Adjusted Square Footage 2902 Building Area Total 3528 Cooling Wall/Window Unit(s) Flooring Ceramic FloorVinyl Heating Window/Wall Heating YN Yes Stories 2

Property Features

Association YN No Building Name ERICKSONS SUB Cooling YN Yes Documents Available Deposit HeldDeposit - Last Months RentDeposit - SecurityRent Rolls Horse YN No Listing Terms All CashAssumableOwner Will CarryOwner Financing less 20K DownOwner Hold 2nd MortgageOwtb Wrap New Construction YN No Property Sub Type Quadruplex Public Survey Section 36 Rent Includes GardenerTrash Collection Sewer Public Sewer Structure Type QuadruplexFourplex Tax Annual Amount 5578 Tax Year 2022 Type Of Association None Year Built Details Resale Zoning 6107

Listing courtesy of New World Realty Group Inc: .


Copyright 2024, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2024, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2024-05-26T22:52:48.283.
 
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