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16204 NE 18th Ct, North Miami Beach FL 33162

Multi-family For Sale
$625,000

BTC: 9.61538462

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-$24K (2026/05/13)
381 days
0 room(s)
1,375 sqft

Overview

THE RED TAPE HAS BEEN CUT. This high-frontage duplex is officially ready after long administrative hurdles. We have done the heavy lifting so you don’t have to: the City has approved the architectural plans, and the $23,000 Sewer Connection is already paid and completed. Featuring two 2BR/1BA mirror-image units on an oversized lot, this is a premier value-add play with recent appraisals supporting a valuation significantly above asking price. Perfectly located near Oleta River State Park, Sunny Isles Beach, and Aventura Mall, this property is a goldmine for premium long-term rentals or a high-yield Airbnb strategy. The Seller is highly motivated and offering a MASSIVE INCENTIVE for a fast-action buyer ready to close within 30 days. We are seeking a firm 5–7 day inspection period; Cash buyers are preferred, though buyers with a proven lender capable of meeting the 30-day deadline are welcome. The Seller will consider a substantial closing cost contribution for a clean, no-contingency deal. Delivered vacant, allowing you to set your own market rents or income stream immediately. Proof of funds or pre-approval is required with all AS-IS offers. The path is clear, the major costs are covered, and the equity upside is massive—secure this turnkey opportunity to purchase well below market value before it’s gone! Perfect for Family and Inlaw to live all in the same property at a great value.

Location

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1952
Lot:
No Data
Heating:
Electric / Window/Wall
Price/sqft:
$455
Cooling:
Ceiling Fan(s) / Wall/Window Unit(s)
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$650,000
$455K – $761K
Confidence Low
List vs. estimate
$25K below estimate
List $625,000 · -3.8%
Our model says this listing is priced below recent comparable activity. Expect competition.
Price per sq ft
$454
+11.7% vs. city median $406
Based on
16 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $353K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$7,516
2024
All facts and features
  • Flooring

    • Other

    Heating

    • Electric

    • Window/Wall

    Cooling

    • Ceiling Fan(s)

    • Wall/Window Unit(s)

  • Other Property Information

    • Parcel Number: 07-22-16-016-0530

    • Zoning: 3800

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Duplex

  • Other financial information

    • Annual tax amount: $7,516

  • Source details

    • MLS ID: A11799039

    Other facts

    • Construction Materials: Concrete Block Construction

    • Lot Features: 1/4 To Less Than 1/2 Acre Lot

    • Window Features: Clear Impact Glass / High Impact Windows / Impact Glass

    • Architectural Style: Attached

    • Living Area: 1375

    • Subdivision Name: FULFORD HEIGHTS

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Sapphire Luxury Properties