Basics
- Category: CommercialSale
- Type: Multifamily
- Status: Active
- Bathrooms: 0
- Lot size: 5250, 5250 sq ft
- Year built: 1952
- County: Miami-Dade
- Lease Term: ThirtySixMonths
- MLS ID: A11589387
Description
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Description:
ERICKSONS SUB PB B-88 LOT 2 BLK 7 LOT SIZE 50.000 X 105 OR 23919-2010 10 2005 1 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.
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Building Details
- Construction Materials: Block
- Covered Spaces: 0
- Number Of Buildings: 1
- Floor covering: Tile
Amenities & Features
- Parking Features: OnStreet
- Security Features: Fenced,SmokeDetectors
- Cooling: CentralAir
- Heating: Central
Expenses, Fees & Taxes
- Tax Annual Amount: $7,546
Miscellaneous
- List Office Name: EXP Realty LLC
- Listing Terms: Cash,Conventional
Ask our real estate expert about this property
This Multifamily-type commercial real estate is located in 210, 16th St, Miami, FL, 33136 was built in 1952, and is listed at $2,800,000.