2800 SW 16th Ter Miami, FL 33145
MULTI_FAMILY - Miami, FL
Property Features for 2800 SW 16th Ter
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Rooms
- Bathroom 3, Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 3
- Parking
- 5
- Standard status
- Active
- APN
- 01-41-10-002-2450
- Size
- 1,535 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- GRAPELAND SUB REV PB 3-196 LOT 12 LESS N10FT BLK 12 LOT SIZE 50.000 X 141 OR 21357-1421 0603 2 COC 23917-1343/24186-3584 1005 1
- Tax Annual Amount
- 11498
Utilities
- Sewer type
- Public Sewer
- Cooling system
- Wall/Window Unit(s), Central Air, Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1924
- Flooring type
- Tile - Ceramic
- Building materials
- Frame, Stucco
- Roof type
- Shingle
Listing agent Gerardo Gonzalez License #3337841 (305) 964-8614
Listing office Compass Florida, LLC 2550 S Bayshore Dr Suite 106, Miami, FL (305) 697-5402
Listing date Jul 6, 2026
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The site is located at 2800 SW 16th Ter in Miami, Florida (Miami-Dade County), ZIP 33145. The listing emphasizes that the land is the key component of the transaction, with the current rents serving as an estimated cushion during entitlement.
From a tenant or operator standpoint, the existing improvements provide a straightforward setup of three units, though the property is offered without warranties and should be evaluated accordingly. For builders and redevelopment buyers, the T3O zoning creates a pathway to pursue updated density through modern multi-unit or townhome development. The seller’s remarks also indicate the property is sized and positioned to keep the lot productive before the first permit is pulled, subject to the buyer’s redevelopment plan and approvals.
Key Highlights
- T3O zoning allows modern multi‑unit or townhome construction.
- Three existing units on‑site with estimated $60,000/year gross rent (estimated) to help carry the property through entitlement.
- 1924 build with frame and stucco construction materials.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $47.0k | $30.60 |
| − Vacancy | −$3.0k | −$1.95 |
| EGI | $44.0k | $28.65 |
| − OpEx | −$13.2k | −$8.60 |
| NOI | $30.8k | $20.06 |
