16585 NE 3 AVE, Miami, FL 33162 — MLS photo

Get More Info About This Property

16585 NE 3 AVE, Miami, FL 33162

Active · Quadruplex

$2,950,000

16585 NE 3 AVE, Miami, FL 33162

Beds
—
Baths
0
Living area
5,850 sq ft
$ / sq ft
$504/sq ft
Year built
2014
Lot size
—
HOA fee
—
Annual tax
$16,962

About this property

For Sale. Exceptional investment opportunity in the heart of North Miami Beach! This well-maintained 4-unit townhouse building, constructed in 2014, offers modern living, strong rental appeal, and an unbeatable central location. The property features two spacious 3-bed/3-bath townhomes and two 3-bed/2.5-bath townhomes, each thoughtfully designed with open layouts, generous natural light, and contemporary finishes that attract long-term tenants and owner-occupants alike. Every townhouse includes its own private patio, providing valuable outdoor space ideal for relaxation, entertaining, or family enjoyment. Residents benefit from exceptional connectivity, with easy access to the Florida Turnpike, I-95, the Palmetto Expressway, and Miami Beach, making commuting and leisure travel incredibly convenient. The building is situated near major shopping centers, dining, schools, parks, and vibrant cultural destinations, enhancing its desirability and long-term value. With modern construction, separate utilities, and low maintenance requirements, this property is perfectly suited for investors seeking stable income, a growing portfolio, or a multi-family living arrangement. A rare opportunity in a high-demand area—secure a versatile and profitable asset in one of Miami’s most dynamic and rapidly developing communities.

Property location

Get Directions

16585 NE 3 AVE, Miami, FL 33162

Loading property location…

Facts & features

Interior

Bathrooms
0
Living area
5,850 sq ft
Flooring
Laminate, Tile
Cooling
Ceiling Fans, Electric
Heating
Electric

Exterior & Structure

Property type
Quadruplex
Year built
2014
Architectural style
Fourplex
Roof
Shingle
Construction
Block
Pool
None

Parking

Covered spaces
0

HOA, Community & Financials

Annual tax
$16,962
Subdivision
FULFORD HIGHLANDS SECOND
County
Miami-Dade
Days on market
262
MLS listing ID
A11942087
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$340

Cap rate
5.6%
Net yield
5.6%
Cash-on-cash return
-0.5%
Gross yield
7.6%
Mortgage payment
$13,985/mo
Down payment
$737,500
Loan amount
$2,212,500
Annual NOI
$163,732

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