6030 SW 40th St Miami, FL 33155 United States

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Mon-Friday, 9am-6pm Closed Saturdays and Sundays

Property Description

Presenting a prime opportunity: 8 one-bedroom, one-bath apartments in Overtown. Units boast a strategic location and robust income potential. Maintained as-is or developed further, they are conveniently situated next to a substantial new construction project. A recent 40 yr inspection passed (report attached) Prospective buyers could potentially assume the existing loan or a purchase money mortgage. With rents currently below market rates (allowing room for increased capitalization), these apartments are strong income generators. Refer to the attached rent roll (excluding one recently leased at $1350) Each unit features separate water and electric meters, as well as wall-mounted AC units, ensuring tenant independence. New roof (2022), meters and electrical serv (2023) add to value.

Features
: Wall/window Units
: Tile
: City Location, Central Business District
: Security Fence
: Public Sanitation
Address Map
FL
Miami-Dade County
Miami
33136
225 NW 16th St
0
W81° 48' 2.4''
N25° 47' 25.6''
Additional Information
153
: Building & Land
: City Street
: Sale
: Free Standing
$5,578
2022
: Public
6107

Commercial Sale For Sale

225 NW 16th St, Miami, Florida 33136

6,250 Acre
$1,575,000
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Price : $1,575,000
Year Built : 1954
Listing Terms : All Cash, Owner Will Carry, Assumable
Lot Area : 6,250 Acre
Status : Active
Building Area : 1 Sqft
Property SubType : Income/multifamily
Agent info
Patricia Calvet
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