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    625 SW 16Th Ave Miami, FL 33135

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    For Sale
    $1,250,000

    Renovated duplex in Little Havana with development opportunities.

    Building Details

    Year built
    1946

    Source: Fausto Commercial Realty Consultants Inc Agent Mauricio Villasuso

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Little Havana Duplex with Development Potential

    Located in Little Havana, this ranch-style duplex features a 3-bedroom, 2-bathroom unit and a 2-bedroom, 1-bathroom unit. The property includes gated parking. Renovations have been completed, and a new roof was installed in 2023. The property is equipped with central A/C and impact windows. Currently family-owned with no income in place, this property presents a covered land play opportunity for developers or those interested in land appreciation due to the westward expansion of Downtown. The T4-L zoning allows for potential development under Florida's Live Local legislation, with a municipal density maximum of 950 units per acre and potential tax benefits.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.220955
    Latitude
    25.767082

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    FAQs

    What type of property is this?
    Duplex - Renovated duplex in Little Havana with development opportunities.
    Where is this duplex located?
    The property is located at 625 SW 16Th Ave Miami, FL.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: - T4-L zoning allows for high-density development potential (up to 950 units per acre) and eligibility for Florida's Live Local legislation, offering significant tax benefits.; - Fully renovated duplex with a new roof (2023), central A/C, and impact windows.; - Ranch-style duplex configuration: one unit with 3 beds/2 baths and another with 2 beds/1 bath.
    (305) 340-8901
    Request Owner's contact information
    625 SW 16Th Ave Miami, FL 33135
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    Miami, FL 33135
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    625 SW 16Th Ave Miami, FL 33135
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