220 NW 16th Ter, Miami FL 33136

$2,000,000

$366.77/Sq Ft

  • N/A Beds
  • N/A Baths
  • N/A Parking
  • 5453 ft²
Description

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.

Marvel Avellanet
Marvel Avellanet

Real Estate Broker

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Technical Summary
Price$2,000,000
BedsN/A
BathsN/A
Area5453 ft²
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