2292 16Th TerMiami, FL 33145
- Residential income properties
Property Details for 2292 16Th Ter
- Year built
- 1927
- Property type
- Residential income properties
- Property subtype
- Multifamily properties
Description
This exceptional six-unit multifamily property presents a compelling investment opportunity in Miami, Florida. Located at 2292 SW 16th Ter, 33145, this corner lot occupies half a block in a desirable, quiet single-family neighborhood. The property, built in 1927, is a two-story building featuring charming Spanish architecture. The property includes a four-bedroom, three-bathroom single-family home, plus a duplex with two legally designated units, each with individual meters. The duplex comprises a one-bedroom, one-bathroom unit with a patio on the ground floor and a two-bedroom, one-bathroom unit with a balcony upstairs. The property boasts a significant rental income potential of $4,500 per month. The property is zoned T3R, allowing for single-family or multi-family use (2-9 units), making it ideal for multi-generational living or maximizing rental income. Situated near Brickell, Coconut Grove, Coral Gables, Key Biscayne, and Downtown Miami, this property benefits from its proximity to major employment centers and amenities. This is an as-is sale, not contingent on appraised value. The asking price is $1,200,000. Please do not disturb tenants.
Location Insight
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Latitude
- 25.757
- Longitude
- -80.2322
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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