$1,050,000
$1,500,000
30.0%For more information regarding the value of a property, please contact us for a free consultation.
1621 NW 16th St Miami, FL 33125
3,728 SqFt
Key Details
Sold Price $1,050,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,728 sqft
Price per Sqft $281
Subdivision Blanton Park
MLS Listing ID A11670107
Sold Date 02/26/25
Construction Status Effective Year Built
HOA Y/N No
Year Built 1978
Annual Tax Amount $12,352
Tax Year 2024
Contingent No Contingencies
Property Sub-Type Duplex
Property Description
Exceptional 5-unit multifamily property, zoned T6-8-R, offering incredible investment potential in a highly sought-
after area. The property consists of three 2-bed/1-bath units, one 1-bed/1-bath unit, and a studio, catering to a
diverse range of tenants. The T6-8-R zoning allows for high-density residential development, making this property
a prime candidate for future redevelopment or expansion. Located in a vibrant neighborhood, the property is
close to major transportation hubs, shopping, dining, and entertainment options, ensuring strong demand and
high occupancy rates. This is a rare opportunity to acquire a versatile asset with significant upside in a rapidly growing market.
Location
State FL
County Miami-dade
Community Blanton Park
Area 31
Interior
Heating Wall Furnace
Cooling Ceiling Fan(s), Electric
Flooring Ceramic Tile, Other
Exterior
Pool None
Utilities Available Cable Available
Roof Type Other
Total Parking Spaces 5
Private Pool No
Building
Lot Description < 1/4 Acre
Story 2
Sewer Public Sewer
Level or Stories Two
Structure Type Block
Construction Status Effective Year Built
Others
Tax ID 01-31-35-004-0230
Acceptable Financing Conventional, 1031 Exchange, Other
Listing Terms Conventional, 1031 Exchange, Other
Financing 1031 Exchange
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Bought with Guillen