16041 16031 NE 18th Pl
North Miami Beach, FL 33162
Map
- – beds
- – baths
- 5,676 sqft
- $220 per sqft
- 1957 build
- – on site
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Very well located, high performance 8 unit multifamily, close to major roads such as 95, 826, 163, Biscayne, Collins, shopping plazas, Aventura Mall providing a large pool of workforce that keeps the vacancy very low. New Roofs on both buildings, 6 out of 8 units are remodeled. Take advantage of the low market interest rates, great cash on cash deal! Buildings Net Rent Income is $85,378 YTD, Yields 7% if paid in cash. Do not disturbed the tenants (Financials Attached) YTD Taxes $16,000 Insurance $9,300 Water $5,950 Electricity $1,440 Grass $720
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Last updated Jul 4, 2025
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MLS# A10997096 —
The Building
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Year Built:1957
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Year Built Details:Resale
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Construction Materials:Block
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Architectural Style:Fourplex
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Roof:Shingle
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Levels:One
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Stories:1
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Building Area Total:5676.0
Interior
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Flooring:Other
Room Dimensions
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Living Area:5676.0
Financial & Terms
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Buyer Financing:Conventional
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Possession:ClosingAndFunding
The Property
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Property Type:ResidentialIncome
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Property Subtype:Quadruplex
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Property Subtype Additional:Quadruplex
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Zoning Description:3800
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Parcel Number:07 22 16 016 1080
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Possible Use:Investment
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Lot Features:LessThanQuarterAcre
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Lot Size Units:SquareFeet
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Waterfront:false
Listing Agent
- Contact info:
- Agent phone:
- (954) 635-0576
- Office phone:
- (305) 644-6600
Taxes
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Tax Year:2020
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Tax Annual Amount:$7,700
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Tax Legal Description:FULFORD HEIGHTS PB 8-51 LOT 22 BLK 8 LOT SIZE 6750 SQUARE FEET OR 13007-157 0986 1 COC 25540-4572 03 2007 1
The Listing
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Rent Includes:HotWater
Heating & Cooling
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Heating:Central, Electric
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Heating:true
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Cooling:CentralAir, CeilingFans, Electric
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Cooling:true
Utilities
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Utilities:CableNotAvailable
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Sewer:PublicSewer
The Community
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Subdivision Name:Fulford Heights
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Pool Features:None
Parking
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Parking Total:9.0
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
9/14/21
Sep 14, 2021
|
Sold | MLSM | $1,250,000 |
