$2,000,000
●
Property -
In Contract
220 NW 16th Ter
Miami, FL 33136
Studio
0 Bath
5453 Sqft
$10,780
Estimated Monthly
$0
HOA / Fees
0.23%
Cap Rate
About This Property
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.
Unit Size
5,453Ft²
Days on Market
-
Land Size
-
Price per sqft
$367
Property Type
Property
Property Taxes
$959
HOA Dues
-
Year Built
1964
Listed By
Last updated: 3 months ago (Miami MLS #A11540197)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 26, 2024 | Listed by Elite Realty Partners, Inc. | $2,000,000 | |
| Listed by Elite Realty Partners, Inc. | |||
| Dec 6, 1995 | Sold to Ronald R Malik | $100,800 | |
| Sold to Ronald R Malik | |||
Property Highlights
Interior Details
Interior Information
Flooring Type: Concrete, Other
Exterior Details
Property Information
Square Footage: 5453
Architectural Style: Attached
Year Built: 1964
Building Information
Building Name: ERICKSONS SUB
Builder Model: OVERTOWN
Building Area Total: 5453
Building Area Units: Square Feet
Building Area Total: 5453
Roof Features: Concrete
Lot Information
Lot Features: 1/2 To Less Than 3/4 Acre Lot
Lot Size Units: Square Feet
Financial Details
Tax Legal Description: 36 53 41 ERICKSONS SUB PB B-88 LOTS 3 & 4 BLK 12 LOT SIZE 100.000 X 105 OR 17017-0804 1195 5
Tax Annual Amount: $11,510
Tax Year: 2022
Parcel Number: 01-31-36-021-1670
Property is Zoned: 6107
Utilities Details
Cooling Type: Electric
Heating Type: Electric
Sewer : Other
Location Details
No Home Owners Association
220 NW 16th Ter
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Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Other
Loft
-
3,000 ft²
$592/ft²
$1,775,000
Jul 12, 2023
$1,775,000
Oct 10, 2023
$745/mo
Condo
3
Beds
4
Baths
2,577 ft²
$726/ft²
$1,872,000
May 19, 2023
$1,872,000
Sep 7, 2023
$4,277/mo
Condo
2
Beds
4
Baths
2,348 ft²
$775/ft²
$1,820,000
Aug 14, 2023
$1,820,000
Nov 30, 2023
$2,826/mo
Condo
3
Beds
3
Baths
2,581 ft²
$736/ft²
$1,899,000
Dec 4, 2023
$1,899,000
Dec 28, 2023
$5,727/mo
Condo
3
Beds
3
Baths
2,106 ft²
$819/ft²
$1,725,000
Sep 28, 2023
$1,725,000
Nov 16, 2023
$3,920/mo
Condo
2
Beds
3
Baths
1,910 ft²
$984/ft²
$1,880,000
Jul 29, 2023
$1,880,000
Dec 15, 2023
$2,100/mo
Active
Other
Loft
-
3,378 ft²
$577/ft²
$1,950,000
Jan 17, 2024
-
$1,053/mo
Active
Other
Loft
-
3,319 ft²
$565/ft²
$1,875,000
Jan 10, 2024
-
$1,182/mo
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|
Building Info
About Downtown Miami
Similar Homes for Sale
Nearby Rentals
Listed by: Ayesha Malik
Elite Realty Partners, Inc.
Last Updated: 3 months ago
Data Source: Miami MLS, MLS# A11540197
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Elite Realty Partners, Inc.
Last Updated: 3 months ago
Data Source: Miami MLS, MLS# A11540197
Courtesy of RH Advisors, Inc. and RHP Realty NJ, Inc.
