2292 16Th TerMiami, FL 33145

Property Details for 2292 16Th Ter

Year built

1927

Property type

Apartment buildings

Property subtype

Small apartment buildings

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

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