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210 NW 16th St, Miami FL 33136,Miami,Miami-Dade County,Commercial Sale

$2,800,000

Commercial Sale Active

210 NW 16th St, Miami FL 33136

WhatsApp Pinterest Facebook Twitter Linkedin Email

Commercial Sale Active

210 NW 16th St, Miami FL 33136,Miami,Miami-Dade County,Commercial Sale

210 NW 16th St, Miami FL 33136

$2,800,000

Overview

Income/MultiFamily
Property Type

1952
Year Built

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.

Address

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Address 16th St
City Miami
State/county Miami-Dade County
Zip/Postal Code 33136

Details

Updated on July 3, 2024 at 1:21 am

Property ID: A11589387
Price: $2,800,000
Year Built: 1952
Property Type: Income/MultiFamily
Property Status: Commercial Sale

Additional details

StreetDirPrefix: NW
PublicSurveyRange: 31
ShowingInstructions: Call Listing Agent
CoListAgentDirectPhone: 305-308-7530
ListAgentKey: b92f11cf93e7005c9ac7a4edc22d94a5
TaxLegalDescription: ERICKSONS SUB PB B-88 LOT 2 BLK 7 LOT SIZE 50.000 X 105 OR 23919-2010 10 2005 1
OnMarketDate: 2024-05-15
ListAgentEmail: [email protected]
ContractStatusChangeDate: 2024-05-15
MajorChangeTimestamp: 2024-05-17T03:54:54.557Z
Flooring: Tile
PhotosCount: 27
SubAgencyCompensation: 0%
Cooling: Central Individual A/C
StatusChangeTimestamp: 2024-05-17T03:54:54.557Z
SecurityFeatures: Smoke Alarm,Smoke Detector(s),Security Fence
CoListOfficeName: EXP Realty LLC
PriceChangeTimestamp: 2024-05-16T23:53:47.840Z
ListingKeyNumeric: 395990237
MajorChangeType: New
ListingContractDate: 2024-05-15
CoListOfficeKey: 48d2b4e41ca7329689de3d3478960f5a
Zoning: 6107
ListAOR: A-Miami Association of REALTORS
TaxAnnualAmount: 7546
ListOfficeName: EXP Realty LLC
CurrentUse: Income Non-Waterfront
OriginatingSystemKey: miamire
BusinessType: Commercial/Residential Income
DualVariableCompensationYN: 1
PhotosChangeTimestamp: 2024-07-02T22:54:33.894Z
OriginatingSystemName: Miami Association of REALTORS®
ListOfficePhone: 888-883-8509
MlsStatus: Active
StreetNumber: 210
CoListOfficeMlsId: EXPP11
LeaseTerm: 1 To 3 Year Lease
ListingKey: fe1bf5ba4568b572618a3b209c4877d9
StateOrProvince: FL
ShowingContactType: Agent
CoListAgentEmail: [email protected]
ListOfficeKey: 14a9ad23c4528f8801339930dc5ae018
BridgeModificationTimestamp: 2024-07-02T22:54:33.905Z
ListAgentFullName: Jovanny Valdez
ListAgentOfficePhone: 888-883-8509
ParcelNumber: 01-31-36-021-0870
ListingTerms: Other Lease Terms,All Cash,Conventional/Refinance
YearBuiltDetails: Resale
OtherExpense: 0
Possession: Funding
CoListAgentOfficePhone: 888-883-8509
LeaseConsideredYN: 1
IDXParticipationYN: 1
InternetAddressDisplayYN: 1
ListAgentMlsId: 3540549
ModificationTimestamp: 2024-07-02T22:51:10.460Z
OriginatingSystemID: miamire
DaysOnMarket: 48
TransactionBrokerCompensation: 3%
BuyerAgencyCompensationType: %
ListOfficeMlsId: EXPP01
Inclusions: Building & Land
ListAgentDirectPhone: 786-342-8136
CoListAgentFullName: William Dowda II
CoListAgentKey: 25c9e274f5601f607a6984559c59364d
StreetNumberNumeric: 210
CoListAgentStateLicense: 3345934
ParkingFeatures: On Street
PostalCodePlus4: 1834
NumberOfUnitsInCommunity: 6
SyndicationRemarks: 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.
Heating: Central Individual A/C
ListAgentStateLicense: 3540549
CoListAgentMlsId: 3345934
PublicSurveyTownship: 31
StreetName: 16th St
ListOfficeFax: 941-315-8557
ListingAgreement: Exclusive Right To Sell
PublicSurveySection: 36
SpecialListingConditions: Sale
NumberOfBuildings: 1
OriginalListPrice: 2800000
BuildingAreaUnits: Square Feet
InternetEntireListingDisplayYN: 1
BuyerAgencyCompensation: 3%
OriginalEntryTimestamp: 2024-05-17T03:54:54.557Z
SourceSystemKey: 395990237
LotSizeSquareFeet: 5250
TenantPays: Electricity,Water
CoListOfficePhone: 888-883-8509
BuildingAreaTotal: 3856
TransactionBrokerCompensationType: %