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220 NW 16th Ter, Miami FL 33136

Residential Income

220 16th Ter

Miami, FL 33136

ML#:A11540197
List Price:$2,000,000
Status:Closed
Days on Market:1
Listing Brkr:Elite Realty Partners, Inc.
Subdivision:ERICKSONS SUB
Bedrooms:0
Baths:0
SqFt (Liv):5,453
Lot Size:0 sqft
Year Built:1964
Stories:2

General Information

Type Property:Residential Income
Style:Quadruplex
Pool:
Garage Spaces:0
Parking:

Location Information

County:Miami-Dade County
Zip:33136
Subdivision:ERICKSONS SUB
Latitude:25.790719
Longitude:-80.199297

Additional Features

Flooring:Concrete, Other
Heating:Electric
Cooling:Electric
Construction:Concrete Block Construction
Waterfront:No

Financial Information

Annual Taxes (2022):$11,510
Days on Market:1

Remarks

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.

Listing Agent

Ayesha Malik

Elite Realty Partners, Inc.

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.

Prepared by Rangely Adames · Sunland Group · Licensed FL Real Estate Sales Associate · rangelyadames.com · (954) 833-0020

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