1810 NW 16th Ter, Miami, FL 33125 — MLS photo

Active · SingleFamilyResidence

$540,000

1810 NW 16th Ter, Miami, FL 33125

Beds: 2
Baths: 1
Living area: 1,006 sq ft
$ / sq ft: $537/sq ft
Year built: 1939
Lot size: 6,900 sq ft
HOA fee: —
Annual tax: $860

About this property

Amazing opportunity to re build or remodel, brand new roof and 6900 sq ft lot, about 15 minutes to Downtown Miami; and zoning for Duplex, currently used as residential/single family home. This home features 2 beds / 1 bath / carport and plenty of backyard space, spacious dining, living areas and kitchen; located in an amazing location, close to Miami Dade College, restaurants, shopping and Miami River New Development.

Property location

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1810 NW 16th Ter, Miami, FL 33125

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Facts & features

Interior

Bedrooms: 2
Bathrooms: 1
Living area: 1,006 sq ft
Flooring: Hardwood, Tile, Vinyl, Wood
Appliances: Dryer, Dishwasher, Electric Range, Disposal, Microwave, Refrigerator, Washer
Cooling: Wall Window Units
Heating: Wall Furnace
Interior features: Bedroom On Main Level, First Floor Entry

Exterior & Structure

Property type: SingleFamilyResidence
Year built: 1939
Lot size: 6,900 sq ft
Architectural style: One Story
Roof: Shingle
Construction: Block, Frame, Stucco
Exterior features: Porch, Room For Pool, Shed
Pool: None
View: Garden

Parking

Garage spaces: 0
Covered spaces: 1
Parking features: Covered, Driveway, On Street

HOA, Community & Financials

Annual tax: $860
Subdivision: KENWOOD 1 ST ADDN
County: Miami-Dade
Days on market: 545
MLS listing ID: A11668455
Listing status: Active

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Estimated monthly cash flow

$20

Cap rate: 5.7%
Net yield: 5.7%
Cash-on-cash return: 0.2%
Gross yield: 7.3%
Mortgage payment: $2,560/mo
Down payment: $135,000
Loan amount: $405,000
Annual NOI: $30,957

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.