Sitting in the historical area of Overtown, you will find this treasure of a multifamily investment with 6 units. The property is T5-L zoning allowing for AirBnB licensure and short-term rental. There are 2x 1/1, and 4x 2/1 with open rooms that can easily be closed off. Each unit is equipped with individual water/electric meters, reducing operating expenses. There is definitely potential to adjust rent to market rate. The property is less than 10 minutes away from vibrant Downtown Miami, and the artistic Wynwood area. The area is seeing major redevelopment with the ongoing “Signature Bridge” and “Underdeck” project already underway, bringing more activity to the popular area making this a crucial investment to capitalize on.
Property Details
Price:
$2,800,000
MLS #:
A11589387
Status:
Active
Beds:
0
Baths:
0
Address:
210 NW 16th St
Type:
Commercial
Subtype:
Income/MultiFamily
City:
Miami
Listed Date:
May 15, 2024
State:
FL
Finished Sq Ft:
3,856
Total Sq Ft:
3,856
ZIP:
33136
Year Built:
1952
See this Listing
Mortgage Calculator
Schools
Interior
Cooling
Central Individual A/ C
Flooring
Tile
Heating
Central Individual A/ C
Exterior
Parking Features
On Street
Financial
Taxes
$7,546
Map
Community
- Address210 NW 16th St Miami FL
- CityMiami
- CountyMiami-Dade County
- Zip Code33136
Similar Listings Nearby
- 701-709 NE 79th St
Miami, FL$3,600,000
4.14 miles away
Miami, FL$3,600,000
1.44 miles away
- 2638 SW 28th Ln
Miami, FL$3,599,000
4.11 miles away
- 300 SW 17th Ave
Miami, FL$3,500,000
2.05 miles away
- 3566 NW 32nd St
Miami, FL$3,500,000
3.54 miles away
- 6255 NE Pl and 3 more Miami
Miami, FL$3,500,000
3.01 miles away
210 NW 16th St
Miami, FL
LIGHTBOX-IMAGES