141 NW 16th Ave | Miami, FL 33125
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- LoopNet Team
141 NW 16th Ave
Miami, FL 33125
La Loma · Multifamily Property For Sale
·
20 Units
INVESTMENT HIGHLIGHTS
- Brand new building. No Capex required in the near future. 62 Percent Upside in Rents on the 140% AMI Bracket
- Nine percent increase in Gross Income in the first quarter of 2022
- Enough street parking for all tenants and Tenants are responsible for all utilities
- 85% renewal rate in the first year of operations
- Rents on 140% AMI units could be increased up to 66% before reaching the 2022 rent limit of $2,390.
PROPERTY FACTS
| No. Units | 20 | Building Size | 13,461 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 2021 |
| Building Class | B | Parking Ratio | 0.59/1,000 SF |
| Lot Size | 0.16 AC | ||
| Zoning | T5-L - RESIDENTIAL-MEDIUM RETAIL | ||
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.16 AC |
| Building Size | 13,461 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2021 |
| Parking Ratio | 0.59/1,000 SF |
| Zoning | T5-L - RESIDENTIAL-MEDIUM RETAIL |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer
- Heating
- Kitchen
- Oven
- Stainless Steel Appliances
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 20 | $941.50 | 485 - 510 |
PROPERTY TAXES
| Parcel Number | 01-4102-005-8760 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $3,799,400 |
PROPERTY TAXES
Parcel Number
01-4102-005-8760
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$3,799,400
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