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.

Features
: Wallfurnace
: Wallwindowunits
: 3
: Fourplex
: Builtup
: Publicsewer
Address Map
FL
Miami-Dade County
Miami
33136
225 NW 16th St
W81° 48' 2.4''
N25° 47' 25.6''
MLS Addon
3,528 Sqft
: Block
199
199
: Vinyl, Ceramictile
1
1
Assumable,Cash,OwnerMayCarry,OwnerMayCarrySecond
: Item14acre
01-31-36-021-1710
ERICKSONS SUB
$5,578
2022
: Cableavailable
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Residentialincome For Sale

225 NW 16th St, Miami, Florida 33136

3,528 Sqft
$1,575,000
MLS # #A11469018
Basic Details
Property Type : Residentialincome
Listing Type : For Sale
Price : $1,575,000
Square Footage : 3,528 Sqft
Year Built : 1954
MLS # : A11469018
Property Sub Type : Quadruplex
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