225 Nw 16th St St
Miami, Florida
$1,575,000 Rental Price
- Bedrooms   - Baths

Contract Signed

THIS IS A 8 UNIT a prime opportunity: 8 one-bedroom, one-bath apartments in Overtown. Units boast a strategic location and robust income potential. Maintained as-is or developed further, they are conveniently situated next to a substantial new construction project. A recent 40 yr inspection passed (report attached) Prospective buyers...

THIS IS A 8 UNIT a prime opportunity: 8 one-bedroom, one-bath apartments in Overtown. Units boast a strategic location and robust income potential. Maintained as-is or developed further, they are conveniently situated next to a substantial new construction project. A recent 40 yr inspection passed (report attached) Prospective buyers could potentially assume the existing loan or a purchase money mortgage. With rents currently below market rates (allowing room for increased capitalization), these apartments are strong income generators. Refer to the attached rent roll (excluding one recently leased at $1350) Each unit features separate water and electric meters, as well as wall-mounted AC units, ensuring tenant independence. New roof (2022), meters and electrical serv (2023) add to value.

Listing courtesy of New World Realty Group Inc

 

Listing Details

Contract Signed
Miami, Florida
Type: Rental
Price: $1,575,000
Approx. square footage: 3,528 sf
Web ID: 11469018
MLS ID: A11469018

Info & Amenities

Type: Quadruplex
Built: 1954
Pool: Yes

Map of Area for 225 NW 16th St St

Listing Agent(s)