1621 NW 16th St, Miami FL 33125,Miami,Miami-Dade County,Residential Income

Property ID: A11817594
Price: $1,495,000
Property Size: 3728 Square Feet
Year Built: 1978
Property Type: Quadruplex
Property Status: Residential Income

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1621 NW 16th St, Miami FL 33125

$1,495,000

Description

5-unit multifamily in a prime central location, featuring (3) 2/1s, (1) 1/1, and a studio. Includes 5 electric meters, 1 water meter. Upgrades: new permitted roof, asphalt, windows, and fresh paint. Zoned T6-8-R (City of Miami), allowing up to 8 stories and 150 units/acre. On a 6,400 SF lot (~0.147 acres), you can build up to 22 units by right. All units rented below market—great cash flow with strong upside. Ideal for investors seeking income and redevelopment potential.