220 NW 16th Ter

Miami, FL, 33136

$2,000,000

$366 per ft²
$2,000,000
$366 per ft²
Active
Active
 - For Sale
carpenters-square
5,453 ft²
property_type
Multi-family
calendar
Built 1964
Elite Realty Partners is pleased to present a Great Opportunity for Investors with this 10-unit Multi Family Apartment Building. This property consist s of 10 one-bedroom/ one-bathroom units totaling 5,453 rentable sq feet and a total of 10,500 sq ft lot. Property built in 1937, Owned by current owner for 25 years. Roof repaired in 2018. This is a perfect opportunity for investors who are looking to renovate and stand out with other property within this new “Wynwood Like” community. Property is being sold AS-IS and offered at 2,500,000. This property is a true treasure, just 5 mins from MIDTOWN and FASHION DISTRICT. After renovation and marketing units at market price there will be a great increase in yearly income.
MLS® ID:
A11234113
Listed:
7/5/22
Updated:
3/23/23
Blue One Realty
Blue One Realty, LLC
Mobile: (305) 599-1817Email: contact@blueonerealty.com

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Floor Description
Concrete, Other
Cooling
Electric
Heating
Electric

Exterior/Building Features

Architectural Style
Attached
Lot Details
1/2 To Less Than 3/4 Acre Lot
Roof
Concrete
Sewer
Other

Other Property Details

Area Name
Ericksons Sub
Taxes
$11510
Tax Frequency
per YEAR
Garage
No
Parking
6
Parking Total
6.0
View
N
County
Miami-Dade County
Pool
No
Total Stories
2
Zoning
6107
Sub Agency Compensation
1%
Buyer Agency Compensation
2%
Transaction Broker Compensation
2%

Property History

Date
Event
Price
Value
8/9/22
Active Under Contract
-
-
9/16/22
Active
-
-
9/22/22
Price Change
$2,100,000
-16%
12/6/22
Price Change
$2,500,000
119%
3/13/23
Price Change
$2,000,000
-19%

Courtesy of Ayesha Malik with Elite Realty Partners, Inc.
Listing Contact:  

Based on information from the Miami Association of REALTORS®. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS.  All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. 

©2023 Miami Association of REALTORS® all rights reserved. 

Data last updated 6:11 PM UTC, 3/23/23.

Blue One Realty
Blue One Realty, LLC
Mobile: (305) 599-1817Email: contact@blueonerealty.com
Contact