1739 16Th St Miami, FL 33125

Property Details for 1739 16Th St

Year built

1926

Property type

Small apartment buildings

Description

This exceptional multifamily property in Miami, Florida, presents a lucrative investment opportunity. Located at 1739 NW 16th St, 33125, this 1-story, 1926-built building sits on a generous 7,145 square foot lot. The property comprises a main house with two bedrooms, two bathrooms, and a den, offering comfortable living space. A second house on the property features two bedrooms and one bathroom. Adding to the income potential are three separate one-bedroom, one-bathroom efficiency units. This configuration is ideal for generating substantial rental income through traditional leases or short-term rentals such as Airbnb. The property's prime location offers easy access to desirable Miami neighborhoods. It's situated just blocks from the Miami River and River Landing Shops, and within minutes of Wynwood, Brickell, Coconut Grove, Coral Gables, and Miami Beach. This makes it highly attractive to renters and ensures strong occupancy rates. The property's size and layout provide flexibility for various investment strategies, making it a compelling opportunity for both seasoned investors and those new to the multifamily market. The asking price is $875,000. This property is a rare find in a highly sought-after area of Miami.