210 16th St ,Income Non-waterfront for Sale & Rent

210 16th St for Sale & Rent

Price $2,800,000.00

• Lot size 5250
• Year Build 1952
• Waterfront
• Zip 33136
• Style
• Parking Description On Street
• Pool Yes
• Status Active

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.

Contact broker for details on Income/Expenses, Leases, Profit and Loss statements, Etc.

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.

City:Miami,Zoning:6107,List A O R:A-Miami Association of REALTORS,Latitude:25.7900699,Cooling Y N:1,Heating Y N:1,Lease Term:1 To 3 Year Lease,List Price:2800000,Listing Id:A11589387,Longitude:-80.1990677,Mls Status:Active,Year Built:1952,Inclusions:Building & Land,Postal Code:33136,Street Name:16th St,Tenant Pays:1:Water,Coordinates:1:25.7900699,Photos Count:27,Days On Market:48,Listing Terms:1:All Cash,2:Conventional/Refinance,Lot Size Units:Square Feet,M I A M I R E_ Area:31,On Market Date:2024-05-15,Parcel Number:01-31-36-021-0870,Property Type:Commercial Sale,Street Number:210,Open Parking Y N:1,Public Remarks: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.,County Or Parish:Miami-Dade County,List Office Name:EXP Realty LLC,Private Remarks:Contact broker for details on Income/Expenses, Leases, Profit and Loss statements, Etc.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:1834,Property Sub Type:Income/MultiFamily,State Or Province:FL,Street Dir Prefix:NW,Tax Annual Amount:7546,Unparsed Address:210 NW 16th St, Miami FL 33136,Listing Agreement:Exclusive Right To Sell,Security Features:1:Smoke Detector(s),2:Security Fence,Year Built Details:Resale,Building Area Total:3856,Building Area Units:Square Feet,Lease Considered Y N:1,Lot Size Square Feet:5250,M I A M I R E_ For Sale Y N:1,Number Of Buildings:1,Original List Price:2800000,Public Survey Range:31,I D X Participation Y N:1,Syndication Remarks: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.,Listing Contract Date:2024-05-15,Originating System I D:miamire,Public Survey Section:36,Showing Instructions:Call Listing Agent,Street Number Numeric:210,Tax Legal Description:ERICKSONS SUB PB B-88 LOT 2 BLK 7 LOT SIZE 50.000 X 105 OR 23919-2010 10 2005 1,Public Survey Township:31,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:0%,M I A M I R E_ Internet Remarks:Multifamily investment in Overtown: 6 units, T5-L zoning for AirBnB, individual meters, near Downtown Miami & Wynwood. Major redevelopment underway.,M I A M I R E_ Showing Time Flag:1,Contract Status Change Date:2024-05-15,Internet Address Display Y N:1,Number Of Units In Community:6,M I A M I R E_ Ok To Advertise List:Yes - Attribution NOT Required,Dual Variable Compensation Y N:1,Transaction Broker Compensation:3%,Internet Entire Listing Display Y N:1,M I A M I R E_ Compensation Disclaimer:BBC: 3%, The offer of compensation is made only to participants of the MLS where the listing is filed.,Transaction Broker Compensation Type:%,