Renovated Ranch-Style
625 Southwest 16th Avenue Miami, FL 33135
For Sale
$1,250,000
Fully renovated duplex with gated parking, featuring a 3 bed/2 bath unit and a 2 bed/1 bath unit.
Property Size1,881 SF
Price / SF$664.54
Days on Market681
Property Features for 625 Southwest 16th Avenue
General Information
- Standard status
- Active
- Size
- 1,881 SF
- Property subtype
- Multi-Family Income / Duplex
Building Details
- Year Built
- 1946
Listing Agency:
Fausto Commercial Realty Consultants Inc
(786) 748-7373
Listed By:
Mauricio Villasuso · License #3254982
(786) 748-7373
Source:
Compass
Added: Sep 12, 2024
Changed: Jul 21
Last Checked: Jul 21 at 11:34PM
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 Fausto Commercial Realty Consultants Inc
Investment Insights
Based on property information with market context.
This fully renovated ranch-style duplex offers a 3 bed/2 bath unit and a 2 bed/1 bath unit, with gated parking on site. Improvements include a new roof installed in 2023, central A/C, impact windows, and interior renovations throughout. There is no income in place, as the property has been family-owned.
Located at 625 Southwest 16th Avenue in Miami’s Little Havana area, the property is covered by T4-L zoning, which provides eligibility under Florida’s Live Local legislation. The municipal density maximum is stated as 950 units per acre, and extensive tax benefits are listed as available.
The site is presented as a turnkey duplex with modernized building systems and finishes, positioned for redevelopment or long-term hold considerations under the stated zoning framework.
Located at 625 Southwest 16th Avenue in Miami’s Little Havana area, the property is covered by T4-L zoning, which provides eligibility under Florida’s Live Local legislation. The municipal density maximum is stated as 950 units per acre, and extensive tax benefits are listed as available.
The site is presented as a turnkey duplex with modernized building systems and finishes, positioned for redevelopment or long-term hold considerations under the stated zoning framework.
Key Highlights
- Ranch‑style duplex built in 1946 in Little Havana—3 bed/2 bath unit plus 2 bed/1 bath unit
- Fully renovated interior with central A/C, impact windows, and extensive renovations throughout
- New roof installed in 2023
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 | $57.6k | $30.60 |
| − Vacancy | −$3.7k | −$1.95 |
| EGI | $53.9k | $28.65 |
| − OpEx | −$16.2k | −$8.60 |
| NOI | $37.7k | $20.06 |
1,881 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$538.9K
$471.6K – $628.7K
NOI $37,724 @ 7.0% cap · market cap 3.02%
Second Best
Apartment 5plus
$496.4K
$434.4K – $579.1K
NOI $34,748 @ 7.0% cap · market cap 2.78%
Theoretical Best
Specialty Retail
$1.27M
$1.11M – $1.48M
NOI $88,878 @ 7.0% cap · market cap 7.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Fully renovated duplex with gated parking, featuring a 3 bed/2 bath unit and a 2 bed/1 bath unit.
Where is this duplex located?
The property is located at 625 Southwest 16th Avenue 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: Ranch‑style duplex built in 1946 in Little Havana—3 bed/2 bath unit plus 2 bed/1 bath unit; Fully renovated interior with central A/C, impact windows, and extensive renovations throughout; New roof installed in 2023
