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
ZIP:
33136
Year Built:
1952
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Schools
Interior
Cooling
Central Individual A/ C
Flooring
Tile
Heating
Central Individual A/ C
Exterior
Parking Features
On Street
Financial
Buyer Agent Compensation
3%%
Taxes
$7,546
Map
Community
- Address210 NW 16th St Miami FL
- CityMiami
- CountyMiami-Dade County
- Zip Code33136
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