Multifamily in Miami, FL 33136
Ericksons, 225 NW 16th St

$1.6M1.6%
$1,575,000
3,528
SqFt
Status
OFF MARKETExpired
Size
3,528 SqFt (328 m2)
Price
$446/SqFt ($4,805/m2)
Type
Multifamily
Built
1954
MLS Number
A11469018
On Site
1068 Days
Updated
836 Days ago
Page Views
0
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.

Features

Bedrooms
    Bathrooms
      Exterior and Lot Features
        Interior, Heating and Cooling
        • Heating Description: WallFurnace
        • Cooling Description: WallWindowUnits
        Building and Construction
        • Floor Description: CeramicTile,Vinyl
        • Year Built: 1954
        • Year Built Description: Resale
        • Style: Fourplex
        Waterfront and Water Access
        • Waterfront Frontage: No info
        School Information
          Other Property Info
          • Listing Date: 2023-10-13T12:06:54.000-00:00
          Taxes, Fees & More
          • Taxes: 5578

          Apples-to-Apples Comparables

           Closest-Match Comparables
          See closest-match comps for this subdivision
          No obligation
          Verified
          Trends
          Insights
          Best of Luxury Realty
          Talk to a local advisor
          Licensed advisors answering your questions across Miami, FL
          01
          Licensed Brokerage
          02
          Local Advisors
          03
          Direct Answers
          Exclusive real estate service partner

          Price History

          Current
          $1.6M
          High
          $1.6M
          Low
          $1.6M
          Total Change
          -1.6%
          $1.6M$1.6M$1.6MOct 23Jan 24
          Date
          Event
          Price
          Change
          Price Per
          01/24/2024
          Price Reduced
          $1.6M
          -1.56%
          $446 ft2
          $4,805 m2
          10/13/2023
          Listed
          $1.6M
           
          $454 ft2
          $4,882 m2
          01/24/2024
          $1.6M
          Event
          Price Reduced
          Change
          -1.56%
          Price Per
          $446 ft2
          $4,805 m2
          10/13/2023
          $1.6M
          Event
          Listed
          Price Per
          $454 ft2
          $4,882 m2
          Price per square foot and days on website are not provided values and are calculated by Subdivisions.
          Listed by Humberto RegoNew World Realty Group Inc • Buyer Agency Compensation .

          Listing Location & Street View
          MapStreet View

          Peer Listings

          Active listings from matched communities
          Results 0 of 0
          No listings found
          Try adjusting your filters or changing your location to see available listings
          Turn on listing alerts and we'll notify you
          when matching listings appear

          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