ERICKSONS SUB
220 NW 16th Ter, Miami FL 33136
5,453 ft²
$2,000,000
Est. Payment $10,645/mo
5,453
Sq. Ft.
1964
Year Built
2
Stories
1
Days on Market
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.
Facts
- MLS#
- A11540197
- Subdivision
- ERICKSONS SUB
- Property Type
- Residential Income
- Property Sub Type
- Quadruplex
- Year Built
- 1964
- Lot Size
- 0 sqft
- Sq. Ft.
- 5,453 ft²
- Sq. Mt.
- 507 m²
- Price per sq. ft.
- $367/ft²
- Price per sq. mt.
- $3,945/m²
- Stories
- 2
- Garage
- —
- Pool
- —
- Days on Market
- 1 day
- Listed
- Feb 26, 2024
- Last Updated
- May 19, 2024
- Price/Lot Sq.Ft.
- —
Comparable homes
Same ZIP, similar price + bedrooms.
Market insights for Miami
Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.
Sellers market
May 2026
83
Median days to sold
+4.5%
1-year price forecast (est.)
Price & tax history
From the live MIAMI MLS feed. Older history requires the ListingHistory resource (not yet enabled).
| 5/19/2024 | Sold | $2,000,000 |
| 2/26/2024 | Listed for sale | $2,000,000 |
History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).
Location
GreatSchools Summary Ratings
Public + private K-12 schools within 5 miles of this listing.
Liberty Elementary SchoolPK,KG,1,2,3,4,5 · public · 0.3 mi
- Community Christian School
PK,KG,1,2,3,4,5,6,7,8,9,10,11,12 · private · 1.3 mi
- Pinnacle School
UG · private · 1.8 mi
- Neil Armstrong Elementary School
PK,KG,1,2,3,4,5 · public · 1.9 mi
- Charlotte Preparatory
PK,KG,1,2,3,4,5,6,7,8 · private · 2.0 mi
- Port Charlotte Middle School
6,7,8 · public · 2.5 mi
- St. Charles Borromeo Catholic School
PK,KG,1,2,3,4,5,6,7,8 · private · 2.5 mi
- Charlotte Virtual Instruction Program
KG,1,2,3,4,5,6,7,8,9,10,11,12 · public · 2.6 mi
- Charlotte Virtual Franchise
KG,1,2,3,4,5,6,7,8,9,10,11,12 · public · 2.6 mi
- Charlotte Technical Center
9,10,11,12 · public · 2.7 mi
Data provided by GreatSchools.org © 2026. All rights reserved.Estimated Monthly Payment
$12,462/mo
Principal & Interest
$10,645
Property Tax
$1,667
Insurance
$150
HOA
$0
Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.
The data relating to real estate for sale on this website comes in part from the Southeast Florida Multiple Listing Service. MLS Data is deemed reliable, but is not guaranteed accurate by MIAMI REALTORS®.
Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may be a violation of federal and state law.
Copyright Southeast Florida MLS a/k/a SEFMLS © 2026.
Updated within 24 hours
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