$1,850,000
Miami, FL 33136
MLS# A11540197
Status: Closed
5453 sqft
1 / 8
Property Description
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.
Details
Maps
Contract Information
Comp Sale YN: No
Listing Date: 2024-02-26
Status: Closed
Original List Price: 2000000
Sold Price: $1,850,000
Current Price: $1,850,000
Location and Legal
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
City Name: Miami
Municipal Code: 3
Postal Zip: 33136
Subdivision Number: 21
Flood Zone: X
Country: United States
Street Number: 220
Street Direction Prefix: NW
Street Name: 16th
Street Suffix: Terrace
State Or Province: FL
Postal Code: 33136
Postal Code +4: 1855
Subdivision Name: ERICKSONS SUB
Area: 2310
Parcel Number: 0131360211670
Zoning: 6107
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
General Property Information
Number Of Units Total: 4
Adjusted Area Main: 5453
Living Area Main: 5453
Lot Size Dimensions: 0.241
Parking Total: 6
Stories Total: 2
Pool Private YN: No
Property Sub Type: Quadruplex
Building Area Main: 5453
Year Built: 1964
Office/Member Information
DXORIGMLSID: SEF
Status Change Information
Buyer Financing: Cash
Major Change Timestamp: 2024-05-01T00:56:19Z
Major Change Type: Status Change
Status Change Date: 2024-05-19
Under Contract Date: 2024-02-27
Close Date: 2024-04-30
Close Price: 1850000
Flooring
Concrete: 1
Other: 1
Property Condition
Resale: 1
Short Sale Details
Short Sale Addendum: No
Documents Available
Copy Of Lease(s): 1
Rent Rolls: 1
Structure Type
Multi Family: 1
Possession
Negotiable: 1
Utilities
Cable Not Available: 1
Sewer Available: 1
Heating
Electric: 1
Separate Meters: 1
Construction Materials
Block: 1
Listing Terms
Cash: 1
Conventional: 1
Other: 1
Roof
Concrete: 1
Income and Expenses
Gross Income: 3300
Cooling
Electric: 1
Showing Requirements
24 Hour Notice: 1
Tax Information
City/County: 1
Contingencies
None: 1
Buyer Details
Intended Use: Investment
Buyer State: Florida
Zip Code: 33150
Concessions
Seller Concessions: No
Unit 1 Details
Actual Rent: 800
Baths Full: 1
Beds Total: 1
Efficiency YN: No
Furnished: Unfurnished
Unit 1 Lease Description
Lease Term: Month To Month
Unit 1 Parking Features
Open Parking: 1
Unit 2 Details
Actual Rent: 850
Baths Full: 1
Beds Total: 1
Efficiency YN: No
Furnished: Unfurnished
Unit 2 Lease Description
Lease Term: Month To Month
Unit 2 Parking Features
Open Parking: 1
Unit 3 Details
Actual Rent: 800
Baths Full: 1
Beds Total: 1
Efficiency YN: No
Furnished: Unfurnished
Unit 3 Lease Description
Lease Term: Month To Month
Unit 3 Parking Features
Open Parking: 1
Unit 4 Details
Actual Rent: 850
Baths Full: 1
Beds Total: 1
Efficiency YN: No
Furnished: Unfurnished
Unit 4 Lease Description
Lease Term: Month To Month
Unit 4 Parking Features
Open Parking: 1
Price Calculations
Current Price To SqFt: 339.26
Section Details
Parcel Number MLX: 1670
Acreage Description
1/2 To Less Than 1 Acre Lot: 1
Financial Information
Tax Annual Amount: 11510
Tax Year: 2022
Tax 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
Originating Details
Originating System Key: 392450540
Originating System ID: M00000151
Property Features
Documents Available: Copy Of Lease(s); Rent Rolls
Flooring: Concrete; Other
Property Condition: Resale
Structure Type: Multi Family
Construction Materials: Block
Cooling: Electric
Heating: Electric; Separate Meters
Listing Terms: Cash; Conventional; Other
Possession: Negotiable
Roof: Concrete
Tax Information: City/County
Utilities: Cable Not Available; Sewer Available
Showing Requirements: 24 Hour Notice
Unit 1 Parking Features: Open Parking
Unit 2 Parking Features: Open Parking
Unit 3 Parking Features: Open Parking
Unit 4 Parking Features: Open Parking
Contingencies: None
Acreage Description: 1/2 To Less Than 1 Acre Lot
Listing Office: Elite Realty Partners, Inc.
Last Updated: August - 11 - 2026
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