Welcome to this fully renovated, prime investment opportunity in the heart of the city! Located at 190 NW 16th St, this 10-unit multifamily property offers modern comfort while promising strong rental income potential. Priced attractively at $2,700,000.00, this property is an exceptional choice for investors
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$13.5K
Per Month
Principal & Interest
$13.4K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$8,161
Powered By
Advertisement
NMLS#3030
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
Phyllis Wheatley Elementary School
1801 NW 1st Pl
Distance between this listing and this school0.23 miles
Public District Grades PK-5
4
/10
Theodore R. and Thelma A. Gibson Charter School
1682 NW 4th Ave
Distance between this listing and this school0.24 miles
Public Charter Grades KG-6
3
/10
Frederick R. Douglass Elementary School
314 NW 12th St
Distance between this listing and this school0.36 miles
Public District Grades PK-5
Nearby Schools
2
/10
Jose De Diego Middle School
3100 NW 5th Ave
Distance between this listing and this school1.13 miles
Public District Grades 6-8
3
/10
Mater Preparatory Academy
601 NW 12th Ave
Distance between this listing and this school1.24 miles
Public Charter Grades KG-8
6
/10
Sports Leadership and Management (Slam) Charter Middle School
604 NW 12th Ave
Distance between this listing and this school1.26 miles
Public Charter Grades 6-8
Nearby Schools
3
/10
Booker T. Washington Senior High School
1200 NW 6th Ave
Distance between this listing and this school0.45 miles
Public Magnet Grades 9-12
9
/10
Miami-Dade Online Academy- Virtual Instruction Program
1501 NE 2nd Ave Ste 336
Distance between this listing and this school0.51 miles
Public Magnet Grades KG-12
10
/10
I Preparatory Academy
1500 Biscayne Blvd Ste 129
Distance between this listing and this school0.56 miles
The neighbors living near this home have an average income of $19,151. Residents of Miami, FL typically earn less than $35k each year. Most families are single, no kids. Most residents in this area have high school diploma education.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 190 NW 16th St in Miami, FL and zip code 33136 in the Downtown neighborhood. This 6,114 square foot home was built in 1950. It has been listed on Rocket Homes since November 13, 2024 and is currently priced at $2,700,000.
In October 2024, from all listings sold in Miami, FL there were more than 62 sold above asking price, over 507 sold below and more than 129 were sold right at the asked price. The inventory of homes for sale in Miami, FL between September 2024 and October 2024 increased by 8.3%. Listings spent 60 days on the market in October 2024, and had a median list price of $560,436 during the same period.
From Rocket Homes Real Estate and based on county public records data.
© 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.
Pro Boxing
Pro Boxing
Mexican League Soccer
H&M
Foot Locker
Burlington
Boston Market
Little Caesars
White Castle
Honda
Dodge
Kia
Rhythmic Contemporary Hits
Urban Adult Contemporary