,Residential-multi-family for Sale

for Sale

Price $1,500,000.00

• Lot size 6400
• Year Build 1978
• Waterfront
• Zip 33125
• Style
• Parking Description
• Pool Yes
• Status Active

Description

Exceptional 5-unit multifamily property, zoned T6-8-R, offering incredible investment potential in a highly sought-after area. The property consists of three 2-bed/1-bath units, one 1-bed/1-bath unit, and a studio, catering to a diverse range of tenants. The T6-8-R zoning allows for high-density residential development, making this property a prime candidate for future redevelopment or expansion. Located in a vibrant neighborhood, the property is close to major transportation hubs, shopping, dining, and entertainment options, ensuring strong demand and high occupancy rates. This is a rare opportunity to acquire a versatile asset with significant upside in a rapidly growing market.

BLANTON PARK PB 9-58 LOT 31 LOT SIZE 6400 SQUARE FEET OR 17128-1297 0995 4

Exceptional 5-unit multifamily property, zoned T6-8-R, offering incredible investment potential in a highly sought-after area. The property consists of three 2-bed/1-bath units, one 1-bed/1-bath unit, and a studio, catering to a diverse range of tenants. The T6-8-R zoning allows for high-density residential development, making this property a prime candidate for future redevelopment or expansion. Located in a vibrant neighborhood, the property is close to major transportation hubs, shopping, dining, and entertainment options, ensuring strong demand and high occupancy rates. This is a rare opportunity to acquire a versatile asset with significant upside in a rapidly growing market.

City:Miami,Sewer:1:Public Sanitation,Zoning:4601,Cooling:1:Other,2:Wall/Window Unit(s),Heating:1:Other,2:Wall/Window Units,List A O R:A-Miami Association of REALTORS,Latitude:25.7899836,Cooling Y N:1,Heating Y N:1,List Price:1500000,Listing Id:A11648585,Longitude:-80.2220527,Mls Status:Active,Year Built:1978,Postal Code:33125,Coordinates:1:25.7899836,Photos Count:1,Water Source:1:Public,Days On Market:32,Listing Terms:1:Exchange,2:Secondary Financing,Lot Size Units:Square Feet,M I A M I R E_ Area:31,On Market Date:2024-08-26,Parcel Number:01-31-35-004-0230,Property Type:Commercial Sale,Public Remarks:Exceptional 5-unit multifamily property, zoned T6-8-R, offering incredible investment potential in a highly sought-after area. The property consists of three 2-bed/1-bath units, one 1-bed/1-bath unit, and a studio, catering to a diverse range of tenants. The T6-8-R zoning allows for high-density residential development, making this property a prime candidate for future redevelopment or expansion. Located in a vibrant neighborhood, the property is close to major transportation hubs, shopping, dining, and entertainment options, ensuring strong demand and high occupancy rates. This is a rare opportunity to acquire a versatile asset with significant upside in a rapidly growing market.,County Or Parish:Miami-Dade County,List Office Name:Guillen,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:Price Decrease,Postal Code Plus4:2455,Property Sub Type:Income/MultiFamily,State Or Province:FL,Tax Annual Amount:12352,Unparsed Address:1621 NW 16th St, Miami FL 33125,Listing Agreement:Exclusive Right To Sell,Road Frontage Type:1:County Road,Building Area Total:3728,Building Area Units:Square Feet,Lot Size Square Feet:6400,Original List Price:1900000,Previous List Price:1900000,Public Survey Range:31,I D X Participation Y N:1,Syndication Remarks:Exceptional 5-unit multifamily property, zoned T6-8-R, offering incredible investment potential in a highly sought-after area. The property consists of three 2-bed/1-bath units, one 1-bed/1-bath unit, and a studio, catering to a diverse range of tenants. The T6-8-R zoning allows for high-density residential development, making this property a prime candidate for future redevelopment or expansion. Located in a vibrant neighborhood, the property is close to major transportation hubs, shopping, dining, and entertainment options, ensuring strong demand and high occupancy rates. This is a rare opportunity to acquire a versatile asset with significant upside in a rapidly growing market.,Listing Contract Date:2024-08-26,Originating System I D:miamire,Public Survey Section:35,Showing Instructions:24 Hour Notice,Appointment Only,Street Number Numeric:1621,Tax Legal Description:BLANTON PARK PB 9-58 LOT 31 LOT SIZE 6400 SQUARE FEET OR 17128-1297 0995 4,Gross Scheduled Income:7750,Public Survey Township:31,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:5-unit property: 3 x 2-bed/1-bath, 1 x 1-bed/1-bath, and a studio. Great investment with strong rental potential in a desirable location!,M I A M I R E_ Showing Time Flag:1,Contract Status Change Date:2024-08-26,M I A M I R E_ Ok To Advertise List:No,Internet Entire Listing Display Y N:1,