, for Sale & Rent

for Sale & Rent

Price $2,700,000.00

• Lot size 6114
• Year Build 1950
• Waterfront
• Zip 33136
• Style
• Parking Description
• Pool Yes
• Status Active

Description

Prime investment opportunity in the heart of Overtown at 190 NW 16th St, Miami, FL 33136! This fully renovated 10-unit apartment building, featuring all 1-bedroom units, is perfect for investors seeking a turnkey property in a thriving area. Originally constructed in 1950, the building was completely gutted and rebuilt just 4 years ago, offering modern systems, finishes, and compliance. Located minutes from Wynwood, Downtown Miami, and major transit hubs, this property sits in a rapidly growing neighborhood with strong rental demand. Each unit is thoughtfully designed with contemporary features for comfort and functionality. Low-maintenance and highly desirable, this property is a rare find in one of Miami?s most dynamic communities. Don?t miss out!

Submit all offers via MLS Offers: https://www.mlsoffers.com/propertysearch.php?mls=A11697986

WADDELLS RESUB PB 1-169 LOT 1 & 2 LESS E5FT BLK 36 LOT SIZE 60.000 X 95 COC 22454-0707 06 2004 2

Prime investment opportunity in the heart of Overtown at 190 NW 16th St, Miami, FL 33136! This fully renovated 10-unit apartment building, featuring all 1-bedroom units, is perfect for investors seeking a turnkey property in a thriving area. Originally constructed in 1950, the building was completely gutted and rebuilt just 4 years ago, offering modern systems, finishes, and compliance. Located minutes from Wynwood, Downtown Miami, and major transit hubs, this property sits in a rapidly growing neighborhood with strong rental demand. Each unit is thoughtfully designed with contemporary features for comfort and functionality. Low-maintenance and highly desirable, this property is a rare find in one of Miami?s most dynamic communities. Don?t miss out!

City:Miami,Sewer:1:Public Sanitation,Zoning:5700,Cooling:1:Central Individual A/C,Heating:1:Central Individual A/C,List A O R:A-Miami Association of REALTORS,Tax Year:2024,Latitude:25.790234,Cooling Y N:1,Heating Y N:1,Lease Term:1 To 3 Year Lease,List Price:2700000,Listing Id:A11697986,Longitude:-80.1985533,Mls Status:Active,Year Built:1950,Inclusions:Building & Land, Equipment,Postal Code:33136,Tenant Pays:1:Water,Coordinates:1:25.790234,Gross Income:187500,Photos Count:6,Water Source:1:Public,Business Type:1:Residential-Multi-Family,Days On Market:17,Listing Terms:1:Owner Will Carry,Lot Size Units:Square Feet,M I A M I R E_ Area:31,On Market Date:2024-11-05,Parcel Number:01-31-36-051-0190,Property Type:Commercial Sale,Public Remarks:Prime investment opportunity in the heart of Overtown at 190 NW 16th St, Miami, FL 33136! This fully renovated 10-unit apartment building, featuring all 1-bedroom units, is perfect for investors seeking a turnkey property in a thriving area. Originally constructed in 1950, the building was completely gutted and rebuilt just 4 years ago, offering modern systems, finishes, and compliance. Located minutes from Wynwood, Downtown Miami, and major transit hubs, this property sits in a rapidly growing neighborhood with strong rental demand. Each unit is thoughtfully designed with contemporary features for comfort and functionality. Low-maintenance and highly desirable, this property is a rare find in one of Miami?s most dynamic communities. Don?t miss out!,Structure Type:1:Free Standing,County Or Parish:Miami-Dade County,List Office Name:Guillen,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:1900,Property Sub Type:Income/MultiFamily,State Or Province:FL,Tax Annual Amount:20549,Unparsed Address:190 NW 16th St, Miami FL 33136,Listing Agreement:Exclusive Right To Sell,Operating Expense:63656,Road Frontage Type:1:County Road,Building Area Total:6114,Building Area Units:Square Feet,Lease Considered Y N:1,Lot Size Square Feet:5700,Original List Price:2700000,Public Survey Range:31,I D X Participation Y N:1,Net Operating Income:118500,Showing Contact Type:1:Call Listing Office,Syndication Remarks:Prime investment opportunity in the heart of Overtown at 190 NW 16th St, Miami, FL 33136! This fully renovated 10-unit apartment building, featuring all 1-bedroom units, is perfect for investors seeking a turnkey property in a thriving area. Originally constructed in 1950, the building was completely gutted and rebuilt just 4 years ago, offering modern systems, finishes, and compliance. Located minutes from Wynwood, Downtown Miami, and major transit hubs, this property sits in a rapidly growing neighborhood with strong rental demand. Each unit is thoughtfully designed with contemporary features for comfort and functionality. Low-maintenance and highly desirable, this property is a rare find in one of Miami?s most dynamic communities. Don?t miss out!,Financial Data Source:1:Owner May Show Books,2:Owner Provided,3:Tax Return,Listing Contract Date:2024-11-05,Originating System I D:miamire,Public Survey Section:36,Showing Instructions:Appointment Only,Call Listing Agent,Call Listing Office,Street Number Numeric:190,Tax Legal Description:WADDELLS RESUB PB 1-169 LOT 1 & 2 LESS E5FT BLK 36 LOT SIZE 60.000 X 95 COC 22454-0707 06 2004 2,Gross Scheduled Income:240000,Public Survey Township:31,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:Fully renovated 10-unit building in Overtown, Miami. All 1-bedroom units, modern finishes, prime location near Wynwood & Downtown. Turnkey investment!,M I A M I R E_ Showing Time Flag:1,Contract Status Change Date:2024-11-05,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:No,Internet Entire Listing Display Y N:1,Internet Automated Valuation Display Y N:1,