225 Northwest 16th Street
225 Northwest 16th Street
$1,575,000
—
3,528
3,528
$446
Description
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...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.
- Listed by Humberto Rego • New World Realty Group Inc
Property Details for 225 Northwest 16th Street
Subdivision
ERICKSONS SUB
StyleFourplex
WaterfrontNo
Area31
AuctionNo
Num Stories2
Sq Ft Total3528
Sq Ft Liv Area3528.0
Location
LISTING UPDATED: 03/18/2024 05:35 PM
Property Details for 225 Northwest 16th Street
Status | Active |
---|---|
MLS # | A11469018 |
Days on Market | 242 |
Taxes | $5,578 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-Family Income / Fourplex |
Year Built | 1954 |
Lot Size | - |
County | Miami-Dade County |
Location
Building Information for 225 Northwest 16th Street
Stories-Residences-Year Built1954Building Size-Lot Size-
Payment Calculator
$9,060 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 225 Northwest 16th Street
Property History for 225 Northwest 16th Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 225 Northwest 16th Street
Taxable ValueLand$236,250Additions$165,559Total$401,809
Tax Record2023$6,816 ($568 / month)
Home Facts
Total Finished SqFt3,528 SqFtAbove Grade Finished SqFt3,528 SqFtStories2Lot Size5,250 SqFtStyleMulti-Family Dwelling (2-4)Year Built1954Zoning6107:RESID-MECountyMIAMI-DADEAPN01-3136-021-1710
Schools near 225 Northwest 16th Street
This home is within Miami-Dade.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | PK to 8 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Phyllis Wheatley Elementary School PublicPK to 5 | ||
Air Base K-8 Center for International Education PublicPK to 8 | ||
Jose De Diego Middle School Public6 to 8 | ||
Robert Morgan Voc-Tech Institute Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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