1 month on rocket

1621 NW 16th St, Miami, FL, 33125

$1,500,000

Home List Price

$10,000*

Closing Credit

0 Baths
3,728 SqFt
$402/SqFt
Multi

Location

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1621 NW 16th St, Miami$1,500,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
Year Built1978
HeatingWall Furnace
CoolingCeiling Fan(s), Electric
MLS #A11670107
StatusActive

About 1621 NW 16th St

Exceptional 5-unit multifamily property, zoned T6-8-R, offering incredible investment potential in a highly sought- after area. The property consists of three 2-bed/1-bath units, one 1-bed/1-bath unit, and a studio, catering to a diverse range of tenants. The T6-8-R zoning allows for high-density residential development, making this property a prime candidate for future redevelopment or expansion. Located in a vibrant neighborhood, the property is close to major transportation hubs, shopping, dining, and entertainment options, ensuring strong demand and high occupancy rates. This is a rare opportunity to acquire a versatile asset with significant upside in a rapidly growing market.

Property Details

Property Features

Property Information:

  • Year Built: 1978
  • Stories: 2
  • Living Area: 3,728 SqFt

Listing Office:

  • Office Name: Guillen
  • Office Phone: (786) 277-6968
  • Listing Agent: Julian Yuken

Interior Features

Interior Information:

  • Flooring Type: Ceramic Tile, Other

Virtual/3D Tour

  • Virtual Tour: 1621 NW 16th St
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Utilities

Utilities Information:

  • Heating: Wall Furnace
  • Cooling: Ceiling Fan(s), Electric

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,500,000
  • Price Per SqFt: $402/SqFt

Tax Information:

  • Annual Amount: $9,261
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Miami, FL.

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Miami, FL

City

Med. Sold Price

$560.4K

Med. Price/SqFt

$389

Avg. Days On Market

60

# of Sold Homes

698

1621 NW 16th St vs Miami

49 DAYS ON ROCKET

-11 Days

$1,500,000

+$939.5K More

$402/SqFt

+$12 More

KEY TAKEAWAY

This property is $939.5K more than the Median Sold Price and $12/SqFt more than other homes in Miami, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SEFMIAMI
  • MLS Number: #A11670107

Listing Office:

  • Office Name: Guillen
  • Office Phone: (786) 277-6968
  • Listing Agent: Julian Yuken

IDX © 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 10:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$9,261$469,214
2018$7,833$345,057
2017$7,066$373,906

History based on county public records data.

Payment Calculator

$7,554

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,564

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-261171
4
/10

  • Comstock Elementary School

  • 2420 NW 18th Ave

  • 0.72 miles

  • Public District Grades PK-5

school-card-donut-261172
4
/10

  • Citrus Grove Elementary School

  • 2121 NW 5th St

  • 0.95 miles

  • Public District Grades PK-5

school-card-donut-261173
6
/10

  • Maya Angelou Elementary School

  • 1850 NW 32nd St

  • 1.09 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $15,939. Residents of Miami, FL typically earn less than $35k each year. The majority of families are single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Florida›Miami-Dade County›Miami›33125›1621 NW 16th St

This home is located at 1621 NW 16th St in Miami, FL and zip code 33125 in the Civic Center neighborhood. This 3,728 square foot home was built in 1978. It has been listed on Rocket Homes since October 03, 2024 and is currently priced at $1,500,000.

Over 62 listings were sold over their listed price in October 2024 in Miami, FL. In the same period over 507 listings were sold below the listed price and 129 listings were sold for the listed price. The number of homes for sale in Miami, FL increased by 8.3% between September 2024 and October 2024. In October 2024, listings were on the market for 60 days. During the same period, the median list price in this real estate market was $560,436.

From Rocket Homes Real Estate and based on county public records data.

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