NOT LISTED FOR SALE

220 NW 16th Terrace Miami, FL 33136

Overtown Neighborhood
-- Bed
-- Bath
5,453 Sq Ft
5,227 Sq Ft Lot

Last Sold April 30, 2024

Last sale price $1,850,000 $339 Per Sq Ft

Highlights

  • No HOA
  • Concrete Flooring
  • 4-minute walk to Dorsey Park
  • Cooling Available
  • Heating Available

About This Home

As of April 2024

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.

Last Agent to Sell the Property

Ayesha Malik

Elite Realty Partners, Inc. License #3454300 Listed on: 02/26/2024

Last Buyer's Agent

Jermaine Reve

RENAISSANCE R.E. ASSOCIATES License #3360809

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,510

Year Built

  • Built in 1964

Lot Details

  • 5,227

Parking

  • 6 Parking Spaces

Home Design

  • Quadruplex
  • Concrete Roof

Interior Spaces

  • 5,453 Sq Ft Home
  • 2-Story Property
  • Concrete Flooring

Utilities

  • Cooling Available
  • Heating Available

Community Details

  • No Home Owners Association
  • 4 Units
  • Ericksons Sub Condos
  • Ericksons Sub Subdivision, Overtown Floorplan

Listing and Financial Details

  • Assessor Parcel Number 01-31-36-021-1670

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,510

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1964
  • Property Sub Type: Quadruplex
  • Architectural Style: Attached
  • 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
  • Horses: No
  • Master Model: OVERTOWN
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Quadruplex, Fourplex
  • Subdivision Name: ERICKSONS SUB
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Flooring: Concrete, Other
  • Living Area: 5453
  • Possible Use: Investment
  • Stories: 2

Exterior Features

  • Roof: Concrete
  • Lot Features: 1/2 To Less Than 3/4 Acre Lot
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: ERICKSONS SUB
  • Total Parking Spaces: 6

Utilities

  • Sewer: Other
  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 01-31-36-021-1670
  • Zoning: 6107
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 11510

Multi Family

  • Number Of Units In Community: 4
  • Number Of Units Total: 10

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2024 04/30/24 Sold $1,850,000 -7.5% $339 / Sq Ft
02/27/2024 02/27/24 Pending -- -- --
02/27/2024 02/27/24 For Sale $2,000,000 -- $367 / Sq Ft
Source: MIAMI REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Ayesha Malik

    Seller's Agent in 2024

    Ayesha Malik

    Elite Realty Partners, Inc.

    (305) 764-5286

    1 in this area

    14 Total Sales

    Ayesha Malik
    Section Image

  • J

    Buyer's Agent in 2024

    Jermaine Reve

    RENAISSANCE R.E. ASSOCIATES

    (305) 810-7563

    1 in this area

    8 Total Sales

    Jermaine Reve
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11540197

MIAMI REALTORS® MLS
Florida Miami/Dade County Miami 33136 Overtown

220 NW 16th Terrace, Miami, FL

This home is located at 220 NW 16th Terrace, Miami, FL 33136 since 26 February 2024. This property was built in 1964. 220 NW 16th Terrace is a home located in Miami-Dade County with nearby schools including Phillis Wheatley Elementary School, Jose De Diego Middle School, and Booker T. Washington Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIAMI REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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