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$1,600,000 • living size area 3528 sqft
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.Multi Family - ERICKSONS SUB for Sale
225 NW 16TH ST, MIAMI, FL 33136
Asking Price$1,600,000
Share by:
- Living 3528sqft
- Taxes $5,578
- Year Built 1954
-
Days on market:
42 day(s) -
Adjusted Area:
2902 sqft Original Price:
$1,600,000-
Price per sqft:
$453.51 Tax Legal Description:
ERICKSONS SUB PB B-88 LOT 11 BLK 12 LOT SIZE 50.000 X 105 OR 22659-3138 072004 6 COC 26147-3149 12 2007 1Tax Year:
2022-
MLS:
A11469018 -
Property Type:
Multi Family -
Style:
Fourplex
Construction Type:
Cbs ConstructionRoof:
Built-UpCooling Description:
Wall/Window Unit(s)Heating Description:
Window/WallFloor Description:
Ceramic FloorVinylLot Features:
Less Than 1/4 Acre LotType of Association:
None
Description
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