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220 NW 16th Ter Miami, FL 33136
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Key Details
Sold Price $1,850,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 5,453 sqft
Price per Sqft $339
Subdivision Ericksons Sub
MLS Listing ID A11540197
Sold Date 04/30/24
Style Fourplex
Construction Status Resale
HOA Y/N No
Year Built 1964
Annual Tax Amount $11,510
Tax Year 2022
Contingent No Contingencies
Property Description
We are 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.
Location
State FL
County Miami-dade County
Community Ericksons Sub
Area 31
Direction Just 5 mins from I-95 North and South Bound Exits and Entry. 5 mins North from the MIAMI HEAT ARENA, BAYSIDE AND SOUTH BEACH, AND THE NEW HAPPENINGS IN WYNWOOD. EXCLUSIVE LANDMARKS NEAR
Interior
Heating Electric
Cooling Electric
Flooring Concrete, Other
Exterior
Pool None
Utilities Available Cable Not Available
Roof Type Concrete
Total Parking Spaces 6
Building
Story 2
Sewer Other
Architectural Style Fourplex
Level or Stories Two
Structure Type Block
Construction Status Resale
Others
Tax ID 01-31-36-021-1670
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Financing Cash
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Bought with RENAISSANCE R.E. ASSOCIATES
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