Home » Miami » 1621 NW 16th St, Miami, FL 33125 | A11670107

Duplex For Sale 1621 NW 16th St, Miami, FL 33125

$1,500,000

Property Highlights

Listing ID A11670107 Status of this Listing: Pending (An offer has been accepted) For Sale Property Type Residential Income (Multifamily 2-4) Duplex Living Space 3,728 Sqft/346.34 m2 approx. Building Area 3,728 Sqft/346.34 m2 approx. Year Built 1978 Time of this property on Rebonus 137 Day(s)

1621 NW 16th St, Miami, FL 33125

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.

Useful Info

Contingency:No Contingencies
Original List Price:$1,500,000

Land Lot (Parcel) Details

Lot Features:
  • < 1/4 Acre
Lot Size Unit:Square Feet

Construction

Year Built Details:
  • Effective Year Built
Levels:Two
Construction Materials:
  • Block
Flooring:
  • Other
  • Ceramic Tile
Stories:2

Property Features

Waterfront:No
Roof:
  • Other
Air Conditioning:Yes
Air Conditioning System:
  • Ceiling Fan(s)
  • Electric
Heating:Yes
Heating System:
  • Wall Furnace

Taxes and Expenses

Tax Annual Amount:$12,352

Property Tax Notice for Buyers: Do not rely on the current property taxes paid by the seller, as your tax liabilities may increase following the sale. Transferring ownership or making improvements to the property often triggers tax reassessments, which could raise the amount you owe. If you have questions regarding property valuation, please contact the County Property Appraiser’s Office.

Tax Year:2024
Property Tax Status:Tax Reflects City & County Tax

Terms

Documents Available:
  • Other
Listing Terms Considered by Seller:
  • Conventional
  • 1031 Exchange
  • Other
Occupant Type:
  • Call Agent
Buyer Possession:
  • Close Of Escrow
Lease Considered:No

Community

Subdivision Name:BLANTON PARK
Senior Community:No

Parking

Parking Total Spaces:5
Covered Spaces:0

Utilities

Sewer:
  • Public Sewer
Utilities Available:
  • Cable Available

More Details

Other Information:
Tax InformationTax Reflects City & County Tax
Flood ZoneAE
Type of AssociationNone
StyleDuplex
FEMA Flood Zone DesignationsAE
Municipal Code1
Ref1089391386
Subdivision Number4

Zoning and Legal

Tax Legal Description:BLANTON PARK PB 9-58 LOT 31 LOT SIZE 6400 SQUARE FEET OR 17128-1297 0995 4
Real Estate Folio Number (Parcel Number):01-31-35-004-0230
Zoning Description:4601
Public Survey Township:1
Public Survey Range:31
Public Survey Section:35

Listing History

Update/EventDate/Days
Published Date:October 2, 2024 3:49 pm
On Market Date:August 26, 2024
Price Change Date Time:October 2, 2024 3:40 pm
Last Important Update Description:Pending (An offer has been accepted)
Date and Time of Last Important Update:January 30, 2025 6:57 pm
Status Last Changed:January 30, 2025 6:57 pm
Photos Last Modified:October 2, 2024 8:19 pm
Last Modified:January 30, 2025 11:58 pm
Days on the Market Reference Date:January 30, 2025
Days on the Market (updated on Last Modified*):157
Cumulative Days on the Market (updated on Last Modified**):157

Additional Information

Lot Size Range:Less Than 1/4 Acre Lot
Number of Photos:37
Location:,,Less Than 1/4 Acre Lot
Included:,,
Area:31
Courtesy of:Guillen
Universal Property Id:US-12025-N-0131350040230-R-N

Location

Show Property Address:Yes
Street Name:16th St
Street Number:1621
Street Direction Prefix:NW
Street Address:1621 NW 16th St
City : Miami
State : Florida
Zip Code : 33125
County : Miami-Dade
Full Address:1621 NW 16th St, Miami, FL 33125
Latitude:N25° 47' 23.9''
Longitude:W81° 46' 40.6''

Neighborhood

Postal City:Miami

Property Map