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Commercial Income
$2,800,000
210 NW 16th St Miami, FL

A11589387

34 of 56 for Sale
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an agent
  • Listed On:

    May 17, 2024
  • Days on Market:

    188
  • Year:

  • Taxes:

    $7,546 per year
  • Floor Description:

    Tile
  • Occupancy:

  • Zoning:

  • Parking:

    On Street

210 NW 16th St Miami, FL 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.

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