210 NW 16th St Active Save Request In-Person Tour Request Virtual Tour
Miami,FL 33136
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,856 sqft
Price per Sqft $726
MLS Listing ID A11589387
Construction Status Resale
HOA Y/N No
Year Built 1952
Annual Tax Amount $7,546
Lot Size 5,250 Sqft
Property Description
Sitting in the historical area of Overtown, you will find this treasure of a multifamily investment with 6 units. The property is T5-L zoning allowing for AirBnB licensure and short-term rental. There are 2x 1/1, and 4x 2/1 with open rooms that can easily be closed off. Each unit is equipped with individual water/electric meters, reducing operating expenses. There is definitely potential to adjust rent to market rate. The property is less than 10 minutes away from vibrant Downtown Miami, and the artistic Wynwood area. The area is seeing major redevelopment with the ongoing "Signature Bridge" and "Underdeck" project already underway, bringing more activity to the popular area making this a crucial investment to capitalize on.
Location
State FL
County Miami-dade
Area 31
Interior
Heating Central
Cooling Central Air
Flooring Tile
Building
Structure Type Block
Construction Status Resale
Others
Tax ID 01-31-36-021-0870
Security Features Fenced,Smoke Detector(s)
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional