5-unit multifamily in a prime central location, featuring (3) 2/1s, (1) 1/1, and a studio. Includes 5 electric meters, 1 water meter. Upgrades: new permitted roof, asphalt, windows, and fresh paint. Zoned T6-8-R (City of Miami), allowing up to 8 stories and 150 units/acre. On a 6,400 SF lot (~0.147 acres), you can build up to 22 units by right. All units rented below market—great cash flow with strong upside. Ideal for investors seeking income and redevelopment potential.
For sale
$1,495,000
1621 NW 16th St, Miami, FL 33125
7beds
4baths
3,728sqft
Est.:
Quadruplex
Built in 1978
-- sqft lot
$-- Zestimate®
$401/sqft
$-- HOA
What's special
Fresh paintNew permitted roof
- 64 days
- on Zillow |
- 162 |
- 10 |
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