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

$2M7.5%
$1,850,000
5,453
SqFt
Status
Sold - Apr 30, 2024
Size
5,453 SqFt (507 m2)
Price
$339/SqFt ($3,652/m2)
Type
Multifamily
Built
1964
MLS Number
A11540197
On Site
931 Days
Updated
18 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: 2024-02-26T22:39:39.000-00:00
          Taxes, Fees & More
          • Taxes: 11510

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          Price History

          Current
          $1.9M
          High
          $2M
          Low
          $1.9M
          Total Change
          -7.5%
          $2M$1.9M$1.8MFeb 24Apr 24
          Date
          Event
          Price
          Change
          Price Per
          04/30/2024
          Sold
          $1.9M
          -7.5%
          $339 ft2
          $3,652 m2
          02/26/2024
          Listed
          $2M
           
          $367 ft2
          $3,948 m2
          04/30/2024
          $1.9M
          Event
          Sold
          Change
          -7.5%
          Price Per
          $339 ft2
          $3,652 m2
          02/26/2024
          $2M
          Event
          Listed
          Price Per
          $367 ft2
          $3,948 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 .

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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