Jeff Margolis
Coldwell Banker Realty
(786) 767-6946
30 Total Sales
1 in Allapattah
$320,000 Price
1623 NW 16th Terrace Miami, FL 33125
Allapattah NeighborhoodEstimated Value: $885,165
6
Beds
4
Baths
2,366
Sq Ft
$374/Sq Ft
Est. Value
Highlights
- No HOA
- Tile Flooring
- Heating Available
- Cooling System Mounted To A Wall/Window
- Ceiling Fan
- 1-Story Property
About This Home
As of June 2022Great money maker with a 7.4% CAP rate. This is a legal Fourplex in the heart of Miami, with a T6-8-R Zoning - Multifamily. This home has four units consisting of a - 2/1, 0/1, 1/1, and a 0/1. It's two homes on one lot. Three parking spots and street parking. Close to all major highways and minutes from the beach, Brickell Downtown, Little River landing, and Jackson Hospital. Location is Short Term Rental Approved, perfect for Airbnb or VRBO. Potential annual income is $67200.00. Bring your highest and best offers! Not contingent to appraisal
Co-Listed By
Jeannette Echevarria
LPT Realty, LLC License #3484912
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,364
Year Built
- Built in 1939 | Remodeled
Lot Details
- 6,273
Parking
- 3 Parking Spaces
Home Design
- Quadruplex
- Shingle Roof
Interior Spaces
- 2,366 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Tile Flooring
Utilities
- Cooling System Mounted To A Wall/Window
- Central Air
- Heating Available
- Separate Meters
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 0131350040060
Community Details
Overview
- No Home Owners Association
- 4 Units
- Blanton Park Subdivision
Building Details
- Gross Income $1,550
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 1, 2022
Closed on
Jun 17, 2022
Sold by
Bought by
Buyer's Agent
Itai Tsanaani
Buy It Smart, LLC.
List Price
$680,000
Sold Price
$600,000
Premium/Discount to List
-$80,000
-11.76%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$285,165
Avg. Annual Appreciation
9.82%
Purchase Details
Closed on
May 20, 1996
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Allapattah, FL
-
Jeff Margolis
-
Chris Widen
Chris Widen
The Keyes Company
(866) 788-9755
57 Total Sales
3 in Allapattah
$165,000 Price Range
-
Vanessa Gomez
Vanessa Gomez
Engel & Völkers Miami
(786) 321-8978
112 Total Sales
1 in Allapattah
$175,000 Price
-
Armando Silva
Armando Silva
EXP Realty South LLC
(786) 610-6382
35 Total Sales
5 in Allapattah
$400K - $725K Price Range
-
Carmen Redondo
Carmen Redondo
Kamany Realty & Prop. Mngmt In
(786) 474-9818
13 Total Sales
2 in Allapattah
$390,000 Price Range
-
Elizabeth Ristine
Elizabeth Ristine
Pan Florida Realty, Inc.
(786) 723-8637
48 Total Sales
1 in Allapattah
$2,200,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $600,000 | Acosta Law Pllc | ||
| $95,000 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $495,000 | ||
| Previous Owner | $150,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/17/2022 06/17/22 | Sold | $600,000 | -11.8% | $254 / Sq Ft |
| 05/06/2022 05/06/22 | Pending | -- | -- | -- |
| 05/01/2022 05/01/22 | For Sale | $680,000 | -- | $287 / Sq Ft |
Source: BeachesMLS (Greater Fort Lauderdale)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $13,102 | $656,825 | ||
| 2024 | $12,781 | $597,114 | $500,000 | $97,114 |
| 2023 | $12,781 | $566,317 | $468,750 | $97,567 |
| 2022 | $9,686 | $444,405 | $0 | $0 |
| 2021 | $9,364 | $418,329 | $0 | $0 |
| 2020 | $8,519 | $346,453 | $281,250 | $65,203 |
| 2019 | $7,874 | $315,447 | $250,000 | $65,447 |
| 2018 | $0 | $194,958 | $0 | $0 |
| 2017 | $2,688 | $91,069 | $0 | $0 |
| 2016 | $2,545 | $85,348 | $0 | $0 |
| 2015 | $1,848 | $80,579 | $0 | $0 |
| 2014 | $1,848 | $76,188 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
J
Seller Co-Listing Agent in 2022
Jeannette Echevarria
LPT Realty, LLC
-
Itai Tsanaani
Buyer's Agent in 2022
Itai Tsanaani
Buy It Smart, LLC.
(786) 838-3114
3 in this area
42 Total Sales
Map
Source: BeachesMLS (Greater Fort Lauderdale)
MLS Number: A11196354
APN: 01-3135-004-0060
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.
All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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