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220 NW 16th Ter Miami, FL $ 2,000,000
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$ 2,000,000 Get more info
220 NW 16th Ter
$ 2,000,000
Back to search
Share Save

220 NW 16th Ter

Miami, FL, 33136
$ 2,000,000
Bedrooms40 Baths40.0 Sq 5,453

Monthly Estimate*

$ 13,971

220 NW 16th Ter, Miami, FL 33136 - Image 1
220 NW 16th Ter, Miami, FL 33136 - Image 2
220 NW 16th Ter, Miami, FL 33136 - Image 3
220 NW 16th Ter, Miami, FL 33136 - Image 4
220 NW 16th Ter, Miami, FL 33136 - Image 5
220 NW 16th Ter, Miami, FL 33136 - Image 6
220 NW 16th Ter, Miami, FL 33136 - Image 7
220 NW 16th Ter, Miami, FL 33136 - Image 8
View a Virtual Tour

Multi-Family Home for sale in Miami, FL

for $2,000,000 with 40 bedrooms and 40 full baths. This 5,453 square foot home was built in 1964.

We are pleased to present a Great Opportunity for Investors with this 10-unit Multi Family Apartment Building. This property consist s of 10 one-bedroom/ one-bathroom units totaling 5,453 rentable sq feet and a total of 10,500 sq ft lot. Property built in 1937, Owned by current owner for 25 years. Roof repaired in 2018. This is a perfect opportunity for investors who are looking to renovate and stand out with other property within this new “Wynwood Like” community. Property is being sold AS-IS and offered at 2,500,000. This property is a true treasure, just 5 mins from MIDTOWN and FASHION DISTRICT. After renovation and marketing units at market price there will be a great increase in yearly income.

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Multi-Family Pending

Price

$ 2,000,000

Bedrooms

40

Full Bath

40

Property Type

Multi-Family

Taxes

$ 11,510

Style

Fourplex

Year Built

1964

Town/City

Miami

County/Region

Miami-Dade

MLS | Web ID

A11540197
Features
General
Sewer Other
Heating Electric
Cooling Electric
Utilities CableNotAvailable
Possession ClosingFunding
Roof Concrete
Architectural Style Fourplex
Pool Features None
Construction Materials Block
Year Built 1964
Stories 2
Levels Two
Property SubType Quadruplex
Tax Year 2022
County Miami-Dade County
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Contingency No Contingencies
Subdivision Name ERICKSONS SUB
Garage Y/N N
Rent Includes None
Status Pending
Directions Just 5 mins from I-95 North and South Bound Exits and Entry. 5 mins North from the MIAMI HEAT ARENA BAYSIDE AND SOUTH BEACH AND THE NEW HAPPENINGS IN WYNWOOD. EXCLUSIVE LANDMARKS NEAR
City Miami
Buyer Agent Compensation 2%
View Y/N N
Senior Community Y/N N
Zoning Description 6107
MLS Area 31
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name 16th Ter
Listing Terms Cash Conventional Other
Property Attached Y/N N
Year Built Details Resale
Land Lease Y/N N
Tax Annual Amount 11510.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11540197
Days on Market 1
Standard Status Pending
Occupancy Description CallAgent
Property Sub Type Additional Quadruplex
Legal Description 36 53 41 ERICKSONS SUB PB B-88 LOTS 3 & 4 BLK 12 LOT SIZE 100.000 X 105 OR 17017-0804 1195 5
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Interior
Flooring Concrete Other
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Electric On Property Y/N N
Total Baths 0
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Exterior
Total Parking 6.0
Spa N
Building Area Total 5453.0
Lot Size Units SquareFeet
Covered Spaces 0.0
Builder Model OVERTOWN
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 220
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* Excluded Features
List By
Elite Realty Partners, Inc.

Broker

ayesha@trusteliteinc.com

Email

Affordability Calculator

$14,930
Per Month
94%
6%
0%
Monthly Principal & Interest
$13,971
Monthly Property Taxes
$959
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
292769 Elementary School
292996 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
2/27/2024$2,000,000 Listed Price

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220 NW 16th Ter, Miami, FL, 33136 is a Multi-Family Home for sale at $2,000,000 with 5,453 sqft. 220 NW 16th Ter has 40 bedrooms, 40.0 baths, and was built in 1964. The property's zip code is 33136 which is in Miami, FL

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