Property Description

Sitting in the historical area of Overtown, you will find this treasure of a multifamily investment with 6 units. The property is T5-L zoning allowing for AirBnB licensure and short-term rental. There are 2x 1/1, and 4x 2/1 with open rooms that can easily be closed off. Each unit is equipped with individual water/electric meters, reducing operating expenses. There is definitely potential to adjust rent to market rate. The property is less than 10 minutes away from vibrant Downtown Miami, and the artistic Wynwood area. The area is seeing major redevelopment with the ongoing “Signature Bridge” and “Underdeck” project already underway, bringing more activity to the popular area making this a crucial investment to capitalize on.

Features
: Central Individual A/c
: Central Individual A/c
: Tile
: On Street
: Smoke Alarm, Smoke Detector(s), Security Fence
Address Map
FL
Miami-Dade County
Miami
33136
210 NW 16th St
0
W81° 48' 3.4''
N25° 47' 24.3''
MLS Addon
48
: Building & Land
: 1 To 3 Year Lease
: All Cash, Conventional/refinance, Other Lease Terms
: Sale
$7,546
6107

Commercial Sale For Sale

210 NW 16th St, Miami, Florida 33136

5,250 Sqft
$2,800,000
Listing ID #A11589387
Basic Details
Property Type : Commercial Sale
Property SubType : Income/multifamily
Listing Type : For Sale
Listing ID : A11589387
Price : $2,800,000
Year Built : 1952
Lot Area : 5,250 Sqft
Building Area : 3,856 Sqft
Status : Active
Agent info
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