Presenting a prime opportunity: 8 one-bedroom, one-bath apartments in Overtown. Units boast a strategic location and robust income potential. Maintained as-is or developed further, they are conveniently situated next to a substantial new construction project. A recent 40 yr inspection passed (report attached) Prospective buyers could potentially assume the existing loan or a purchase money mortgage. With rents currently below market rates (allowing room for increased capitalization), these apartments are strong income generators. Refer to the attached rent roll (excluding one recently leased at $1350) Each unit features separate water and electric meters, as well as wall-mounted AC units, ensuring tenant independence. New roof (2022), meters and electrical serv (2023) add to value.

This listing is courtesy of New World Realty Group Inc.

More detailed information, including prior sales, lot and building square footage per the county, zoning, traffic maps, nearby businesses, and more related to the Miami-Dade county property folio associated with this commercial property listing, which in most cases would be for the listed property, is displayed below. This is not provided by the listing broker or agent, but is information obtained independently from the county for the folio number 0131360211710 entered for this listing by the listing broker / listing agent. Importantly, always verify information. This county information is not updated regularly. Thus, some of the information may have changed since it was obtained. Information herein is provided on a best efforts basis only. Do not rely on it to make an investment decision.

Miami-Dade County Information for Folio 01-1360-021-1710 (0131360211710)*
Links to Miami-Dade Lot Outline, Aerial Views, Tax Records
Property Location*
Address: 225 NW 16 St
City: Miami
State: Florida
Zip Code: 33136-1856 (Listings)
County: Miami-Dade (Listings)
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Building Size - English*
Living Square Feet: 3,528
Actual Square Feet: 3,528
Adjusted Square Feet: 2,902
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Lot Size - English*
Lot Size (sf): 5,250
Lot Size (acres): 0.12
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Building Size - Metric*
Living Square Meters: 327.76
Actual Square Meters: 327.76
Adjusted Sq M: 269.60
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Lot Size - Metric*
Lot Size (sq m): 488
Lot Size (ha): 0.05
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Zoning & Land Use*
Land Use: 0803 - Multifamily 2-9 Units : Multifamily 3 Or More Units
Zoning: 6107 - Residential-medium Retail
Municipal Zoning: T5 L (Miami)
All Listed | All Properties
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Prior Sale*
Type: Sales type info not available
Qual: Q
Date: 12/01/2007
Amount: $290,000
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Prior Sale #2* (Second to Last)
Type: Qual by exam of deed
Qual: U
Date: 10/01/2007
Amount: $0
  -
Prior Sale #3* (3rd to Last)
Type: Qual by exam of deed
Qual: U
Date: 04/01/2006
Amount: $0
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Taxable Values*
Tax Year: 2023
Land: $236,250
Building: $165,559
Total: $401,809
Assessed: $297,639
County Taxable: $297,639
City Taxable: $297,639
Mill Code: 0100
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Ownership*
Owner 1: 225 Group Llc
Mailing Address: 1534 Mantua Ave
Mailing City: Coral Gables
Mailing State: Fl
Mailing Zip: 33146
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Building Information*
Stories: 2
Units: 8
Year Built: 1954
Effective Year Built: 1954
Extra Features 1: Chain-link Fence 6-7 Ft High
Extra Features 2: Paving - Asphalt
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Legal Description*
Legal Description Concatenated: ERICKSONS SUB PB B-88 LOT 11 BLK 12 LOT SIZE 50.000 X 105 OR 22659-3138 072004 6 COC 26147-3149 12 2007 1

*This Miami-Dade county folio information was recently obtained for the folio number entered on this listing by the listing broker, which usually is correct, but not always. This information is not represented as or warranted to be accurate or current. Verify this and all information about this property independently. Do not rely on it to make an investment decision.