- MLS® #: A11731229
- 1865 Nw 16th St
- Miami, FL 33125-2254
- $1,350,000
- 2,638 SqFt
- Income
Exceptional investment opportunity featuring two freestanding buildings on a massive 12,666 sq. ft. corner lot in the heart of Miami. Zoned T3-R with a Multi-Family (2–9 Units) land use designation, this unique property offers tremendous flexibility for investors, owner-occupants, or those seeking a value-add opportunity. Spanning approximately 5,764 total square feet, the property consists of multiple income-producing units across two separate structures. The first building features a well-maintained and updated layout with a 3-bedroom, 2-bath unit on the first floor and a 2-bedroom, 1-bath unit on the second floor. The second building includes a 2-bedroom, 1-bath unit on the first floor, a 2-bedroom, 1-bath unit on the second floor, and an attached 1-bedroom, 1-bath efficiency. While this structure would benefit from updates, it presents significant upside potential for increased income and value. The oversized corner lot provides ample outdoor space, parking flexibility, and future redevelopment potential rarely found in urban Miami properties. Whether you're looking to expand your portfolio, renovate and reposition, or create a long-term income-producing asset, opportunities of this size and configuration are increasingly rare.
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Each winter during Carnaval Miami, salsa tunes blare and the smell of spicy chorizo fills the air on Calle Ocho, the commercial thoroughfare and heart of Miami's Little Havana. The roaring street festival, which culminates in the world's longest conga line, is the last of 10 events comprising the Latin-spiked Carnaval.
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