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220 NW 16th Ter, Miami FL 33136

Multi-family Recently Sold
$1,850,000

BTC: 28.90625000

ETH: 1,059.56471936

Sold on: 2024-04-30
1 days
0 room(s)
5,453 sqft

Overview

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.

Location

Florida • Miami • 33136 • Multi-family • Recently Sold

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1964
Lot:
No Data
Heating:
Electric
Price/sqft:
$367
Cooling:
Electric
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$1,999,990
$1.6M – $3.3M
Confidence Low
List vs. estimate
At estimate
List $2,000,000 · +0.0%
List is in line with recent comparable activity.
Price per sq ft
$366
-14.8% vs. city median $430
Based on
5 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $500K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$11,510
2022
Parking
6 spaces
All facts and features

  • Flooring

    • Concrete

    • Other

    Heating

    • Electric

    Cooling

    • Electric

  • Other Property Information

    • Parcel Number: 01-31-36-021-1670

    • Zoning: 6107

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Quadruplex

  • Other financial information

    • Annual tax amount: $11,510

  • Source details

    • MLS ID: A11540197

    Other facts

    • Construction Materials: Concrete Block Construction

    • Lot Features: 1/2 To Less Than 3/4 Acre Lot

    • Architectural Style: Attached

    • Living Area: 5453

    • Subdivision Name: ERICKSONS SUB

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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Market around this address

Live counts in the same area.
View all
This zip
33136
51
median $635K
Active
Same city
Miami
12,162
median $650K
Active
Same type
Multi-family
508
median $992K
Active
Similar price
$1.4M – $2.6M
1,275
median $1.8M
Active

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: Elite Realty Partners, Inc.