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221 NW 16th Ave

4 Unit Apartment Building $1,200,000 ($300,000/Unit) Miami, FL 33125

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Investment Highlights

The property is a short driving distance of the Magic City Innovation District located in the MiMo District
The $1 billion project will be developed in multiple phases over several years with the beginning focused on repurposing existing dilapidated factory

The 15 acre development will attract technology companies and retailers.
170,000 SF of industrial space would be converted to commercial and retail use, with plans for an office tower, amphitheater and apartment

Executive Summary

Exceptional property in Little Havana with immediate access to the 836 HWY, I-95 and Brickell. 1950s, four unit apartment building on a
5,000 SF lot zoned T5-L which allows short-term rentals. Apartments are 4: 1 Bedroom, 1 bath with identical floor plans. Within 5 minutes of Brickell and Downtown, and immediately across the Loan Depot Marlins Park. This is an exceptional covered land play for savvy investors and future developers who are looking at getting their foot into this dynamic submarket. Given its small size it has the great benefit of being exempt from 40 yr certification requirements - a no hassle easy building to operate for owners. Central to key employment centers of Miami. Walkable to Calle echo and the arts and entertainment hub of the neighborhood. Residential financing allows for a great land banking strategy on this property. Live here and build your initial investment in this booming real estate market - Miami’s nationally recognized Little Havana neighborhood is known for its culturally- rich and colorful lifestyle.

221 NW 16 AVE-CC-MV-FLYER

Property Facts

Price	$1,200,000	Building Class	C
Price Per Unit	$300,000	Lot Size	0.11 AC
Sale Type	Investment	Building Size	2,097 SF
No. Units	4	No. Stories	1
Property Type	Multifamily	Year Built	1952
Property Subtype	Apartment	Parking Ratio	1.91/1,000 SF
Apartment Style	Low Rise

Price	$1,200,000
Price Per Unit	$300,000
Sale Type	Investment
No. Units	4
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Lot Size	0.11 AC
Building Size	2,097 SF
No. Stories	1
Year Built	1952
Parking Ratio	1.91/1,000 SF