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Multifamily

100 NW 16th Ave

100 NW 16th Ave, Miami, FL 33125

Listing Price: $1,750,000

Cap Rate
4.57%
Number of Units
10
Occupancy
97.0%
Price/Unit
$175,000
Price/Gross SF
$325.46
Gross SF
5,377

Investment Overview

Marcus & Millichap, as exclusive listing broker, is pleased to offer for Sale, 100 NW 16th Avenue, Miami, Florida a 10-unit apartment building. The building is in great condition and all the units are rented to voucher tenants from a variety of programs including Section 8 and Citrus Housing. The Property was constructed in 1951 and consists of one one-story building situated on a 0.34-acre lot zoned T5-L. There are 10 one-bedroom / one-bathroom apartment units of approximately 530 square feet. The property offers street and off-street parking and a central courtyard. The Property is within walking distance from public transportation, commercial and retail stores on Flagler Street, Sedano’s Supermarket, Publix Supermarket, Walgreens, LoanDepot Park, Citrus Grove Middle School and Citrus Grove Elementary School, Jackson Memorial Hospital, and the Hospital District. In addition, it provides convenient access to major thoroughfares such as Dolphin Expressway and Interstate-95.

Investment Highlights

  • Seller Financing Available for a Qualified Buyer
  • All One-bedroom / One-bathroom Units
  • Excellent Little Havana Location
  • Walking Distance from Flagler Street, 17th Avenue and LoanDepot Park.
  • Updated Units

Exclusively Listed By

Listing Price: $1,750,000

Cap Rate
4.57%
Number of Units
10
Occupancy
97.0%
Price/Unit
$175,000
Price/Gross SF
$325.46
Gross SF
5,377

Investment Highlights

  • Seller Financing Available for a Qualified Buyer
  • All One-bedroom / One-bathroom Units
  • Excellent Little Havana Location
  • Walking Distance from Flagler Street, 17th Avenue and LoanDepot Park.
  • Updated Units

Investment Overview

Marcus & Millichap, as exclusive listing broker, is pleased to offer for Sale, 100 NW 16th Avenue, Miami, Florida a 10-unit apartment building. The building is in great condition and all the units are rented to voucher tenants from a variety of programs including Section 8 and Citrus Housing. The Property was constructed in 1951 and consists of one one-story building situated on a 0.34-acre lot zoned T5-L. There are 10 one-bedroom / one-bathroom apartment units of approximately 530 square feet. The property offers street and off-street parking and a central courtyard. The Property is within walking distance from public transportation, commercial and retail stores on Flagler Street, Sedano’s Supermarket, Publix Supermarket, Walgreens, LoanDepot Park, Citrus Grove Middle School and Citrus Grove Elementary School, Jackson Memorial Hospital, and the Hospital District. In addition, it provides convenient access to major thoroughfares such as Dolphin Expressway and Interstate-95.

Exclusively Listed By

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