Renovated Residential Income
For Sale
Contact for pricing
1632 NW 16th Ter #5 Unit 5, Miami, FL 33125
The first-floor apartment combines updated interior finishes with in-unit laundry and an assigned parking space.
Property Size7,432 SF
Price / SF$0.27
Days on Market9
Property Features for 1632 NW 16th Ter #5 Unit 5
General Information
Standard status
Active
Size
7,432 SF
Property subtype
Multi-Unit
Site & Location
Neighborhood
Shenandoah South
Highway Access
Yes
Utilities to Site
Yes
Amenities
quartz countertops
full size washer/dryer
stainless steel appliances
LED lighting
new A/C system
impact windows
tankless water heater
Lot Size Square Feet: 12500
Percentage of Tax that is Deductable: 0
Vinyl Floor
Rental, Sale Type: Foreclosure, Availability Date: 2026-10-18
One Bedroom
2 Stories, Built in 1971, Community Pets Allowed
Subdivision Name: Blanton Park
Above Area Square Feet: 7432
One Full Bath
Oven, Refrigerator, Microwave, Washer, Dryer
Building Details
Year Built
1971
Year Renovated
2023
Listing Agency:
Compass Florida, LLC
Listed By:
Joanne Intrieri · License #3459101
(305) 851-2820
Source:
Doyle-realty
Added: Oct 18
Changed: Oct 25
Last Checked: Oct 24 at 5:25PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass Florida, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
A first-floor, one-bedroom, one-bathroom apartment is offered within a residential income property renovated in 2023. The 635-square-foot unit features quartz countertops, stainless steel appliances, a full-size washer and dryer, LED lighting, impact windows, and a tankless water heater. Building improvements include a new A/C system, roof, and ducts. One assigned parking space accompanies the apartment.
Water, sewer, and trash service are included; the tenant is responsible for electricity, internet, and cable. The property is in Allapattah, with access to Wynwood, the Miami Health District, Downtown Miami, and major highways described as minutes away.
Water, sewer, and trash service are included; the tenant is responsible for electricity, internet, and cable. The property is in Allapattah, with access to Wynwood, the Miami Health District, Downtown Miami, and major highways described as minutes away.
Key Highlights
- Renovated in 2023; building has a new A/C system, roof, and ducts
- 635‑square‑foot first‑floor apartment with 1 bedroom and 1 bathroom
- Quartz countertops, stainless steel appliances, and full‑size washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$137,294
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,745,880
$2.7M
Cap Rate 7%
$1,961,343
$2.0M
Cap Rate 9%
$1,525,489
$1.5M
Market Conditions
NOI Build-Up for 7,432 SF
Gross rent
$267.6K $36.00/SF
− Vacancy
−$17.9K −$2.41/SF
EGI
$249.6K $33.59/SF
− OpEx
−$112.3K −$15.11/SF
NOI
$137.3K $18.47/SF
Area
Miami, FL
Vacancy
6.70%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,745,880
Cap Rate 7%
$1,961,343
Cap Rate 9%
$1,525,489
Alternative Uses
Best Use
Apartment 5plus
$1.96M
$1.72M – $2.29M
NOI $137,294 @ 7.0% cap · market cap 6,864.70%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.02M
$4.39M – $5.85M
NOI $351,165 @ 7.0% cap · market cap 17,558.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,090
Businesses Nearby
Explore this area
Business Placement
Demographics for 33125, FL
53,507
Population
22,496
Households
2.4
Avg Household Size
43
Median Age
22%
College-Educated
69%
High-School Grad
3.9 sq mi
ZIP Area
13,720
Density / Sq Mi
$40,940
Median Household Income
$30,648
Median Earnings
$1,427
Median Rent
$377,600
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - The first-floor apartment combines updated interior finishes with in-unit laundry and an assigned parking space.
Where is this residential income property located?
The property is located at 1632 NW 16th Ter #5 Unit 5 Miami, FL.
What are key features of this property?
This property features: Renovated in 2023; building has a new A/C system, roof, and ducts; 635‑square‑foot first‑floor apartment with 1 bedroom and 1 bathroom; Quartz countertops, stainless steel appliances, and full‑size washer and dryer
