Closed

Blanton Park, 1621 NW 16th St, Miami, FL 33125

1,500,000(-30% )
$1,050,000Price
3,728SqFt

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Details

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Status:
Sold - Feb 26, 2025
Size: 3,728 SqFt (346 m2)
Price: $282/SqFt ($3,032/m2)
Type: Multi Family
Built: 1978
MLS Number: A11670107
On Site: 302 Days
Updated: 154 Days ago
Page Views: 0
Exceptional 5-unit multifamily property, zoned t6-8-r, offering incredible investment potential in a highly sought- after area. The property consists of three 2-bed/1-bath units, one 1-bed/1-bath unit, and a studio, catering to a diverse range of tenants. The t6-8-r zoning allows for high-density residential development, making this property a prime candidate for future redevelopment or expansion. Located in a vibrant neighborhood, the property is close to major transportation hubs, shopping, dining, and entertainment options, ensuring strong demand and high occupancy rates. This is a rare opportunity to acquire a versatile asset with significant upside in a rapidly growing market.
Features
Bedrooms
    Bathrooms
      Exterior and Lot Features
        Interior, Heating and Cooling
        • Heating Description: WallFurnace
        • Cooling Description: CeilingFans,Electric
        Building and Construction
        • Floor Description: CeramicTile,Other
        • Year Built: 1978
        • Year Built Description: Effective Year Built
        Waterfront and Water Access
        • Waterfront Frontage: No info
        School Information
          Other Property Info
          • Listing Date: 2024-10-02T15:49:21.000-00:00
          Taxes, Fees & More
          • Taxes: 12352

          Price History

          02/26/2025

          Date

          Sold

          Event

          $1.1M

          Price

          -30%

          Change Rate

          $282 ft2 / $3,032 m2

          Price Per

          10/02/2024

          Date

          Listed

          Event

          $1.5M

          Price

          $402 ft2 / $4,331 m2

          Price Per

          Price per square foot and days on website are not provided values and are calculated by Subdivisions.

          Listed by Julian YukenGuillen • Buyer Agency Compensation .

          Instant Comps

          $100/ft²
          $200/ft²
          $300/ft²
          $400/ft²

          Unit 1621 NW 16th St – Asking

          $282/ft²

          (+0%) from Closed Medium $/ft²

          Closed Medium $/ft²

          $282/ft²
          Community $/Price Range (Closed) $282/ft² – $282/ft²
          No Comparable Units Found: We couldn't locate comparable properties at this time. Contact us for a FREE, no-obligation Comparative Market Analysis (CMA) from a licensed RE advisor.
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