Multifamily in Miami, FL 33136
Ericksons, 220 NW 16th Ter

$2.5M4.8%
$2,000,000
5,453
SqFt
Status
OFF MARKETExpired
Size
5,453 SqFt (507 m2)
Price
$367/SqFt ($3,948/m2)
Type
Multifamily
Built
1964
MLS Number
A11234113
On Site
1531 Days
Updated
1244 Days ago
Page Views
0
We are pleased to present a Great Opportunity for Investors with this 10-unit Multi Family Apartment Building. This property consist s of 10 one-bedroom/ one-bathroom units totaling 5,453 rentable sq feet and a total of 10,500 sq ft lot. Property built in 1937, Owned by current owner for 25 years. Roof repaired in 2018. This is a perfect opportunity for investors who are looking to renovate and stand out with other property within this new “Wynwood Like” community. Property is being sold AS-IS and offered at 2,500,000. This property is a true treasure, just 5 mins from MIDTOWN and FASHION DISTRICT. After renovation and marketing units at market price there will be a great increase in yearly income.

Features

Bedrooms
    Bathrooms
      Exterior and Lot Features
        Interior, Heating and Cooling
        • Heating Description: Electric
        • Cooling Description: Electric
        Building and Construction
        • Floor Description: Concrete,Other
        • Year Built: 1964
        • Year Built Description: Resale
        • Style: Fourplex
        Waterfront and Water Access
        • Waterfront Frontage: No info
        School Information
          Other Property Info
          • Listing Date: 2022-07-06T22:17:23.000-00:00
          Taxes, Fees & More
          • Taxes: 11510

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          Price History

          Current
          $2M
          High
          $2.5M
          Low
          $2M
          Total Change
          -4.8%
          $2.6M$2.3M$1.9MSep 22Dec 22Mar 23
          Date
          Event
          Price
          Change
          Price Per
          03/13/2023
          Price Reduced
          $2M
          -20%
          $367 ft2
          $3,948 m2
          12/06/2022
          Price Increased
          $2.5M
          19.05%
          $458 ft2
          $4,935 m2
          09/22/2022
          Listed
          $2.1M
           
          $385 ft2
          $4,145 m2
          03/13/2023
          $2M
          Event
          Price Reduced
          Change
          -20%
          Price Per
          $367 ft2
          $3,948 m2
          12/06/2022
          $2.5M
          Event
          Price Increased
          Change
          19.05%
          Price Per
          $458 ft2
          $4,935 m2
          09/22/2022
          $2.1M
          Event
          Listed
          Price Per
          $385 ft2
          $4,145 m2
          Price per square foot and days on website are not provided values and are calculated by Subdivisions.
          Listed by Ayesha MalikElite Realty Partners, Inc. • Buyer Agency Compensation .

          Listing Location & Street View
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          Scores

          Walk Score®
          Very Walkable. Most errands can be accomplished on foot
          87

          100
          Transit Score®
          Excellent Transit. Transit is convenient for most trips
          87

          100
          Bike Score®
          Very Bikeable. Biking is convenient for most trips
          75

          100
          Sound Score®
          Very loud
          63

          100
          Airport Score
          Close to airports. Noticeable airport activity
          0

          100
          Traffic Score
          Congested area. Frequent traffic delays
          48

          100
          Local Score
          Limited local amenities nearby
          3

          100
          Community Snapshot
          440 - 19,828
          SqFt Range
          1982
          Year Build

          Miami
          Premium
          Premium Homes & Condos