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Gelfand Realty Miami Properties for Sale - Income/MultiFamily for Sale

210 NW 16TH ST, MIAMI, FL 33136

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Income/MultiFamily - for Sale

210 NW 16TH ST, MIAMI, FL 33136

Asking Price$2,800,000

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  • Days on market:

    48 day(s)

  • Original Price:

    $2,800,000

  • Tax Legal Description:

    ERICKSONS SUB PB B-88 LOT 2 BLK 7 LOT SIZE 50.000 X 105 OR 23919-2010 10 2005 1

  • Property Type:

    Income/MultiFamily

  • Parking:

    On Street

  • Inclusions:

    Building & Land

  • Lease Term Remaining:

    1 To 3 Year Lease

  • Cooling Description:

    Central Individual A/C

  • Heating Description:

    Central Individual A/C

  • Floor Description:

    Tile

  • Special Listing Conditions:

    Sale

Description

$2,800,000

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.

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