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Blanton Park

$1,495,000

1621 NW 16th St, Miami, FL 33125

Active
Last Updated: 06/09/2025

3,728 sqft

Building Size

4

Units

Details:
Building Size:    3,728 sqft
Units:    4
Year Built:    1978
Floors:    2
Parking Spots:    7
Gross Leaseable Area:    3,728
Highlights:
  • Lot Features: Less Than 1/4 Acre Lot
  • Building Features: Laundry Facility
  • Documents Available: Investment Analysis
  • Architectural Style: Attached
  • Cooling: Central Air
  • Heating: Central
  • Flooring: Tile
  • Construction Materials: CBS Construction
Description:

5-unit multifamily in a prime central location, featuring (3) 2/1s, (1) 1/1, and a studio. Includes 5 electric meters, 1 water meter. Upgrades: new permitted roof, asphalt, windows, and fresh paint. Zoned T6-8-R (City of Miami), allowing up to 8 stories and 150 units/acre. On a 6,400 SF lot (~0.147 acres), you can build up to 22 units by right. All units rented below market—great cash flow with strong upside. Ideal for investors seeking income and redevelopment potential.

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Today's Available Mortgage Rates

1621 NW 16th St, Miami, Florida 33125

Choose Your Priority
 
Interest Rate
Mo. Payments
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default.
Loan Amount
Rates as of 06/10/2025
Bank*Lender #1049
5 Year Fixed
25 Year Amortization
Interest rate 6% 5 Year Fixed
Mo. Payment$4,912 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 51% LTV $0 Lender fees
Loan Amount $762,450 Loan Amount
Details
Bank*Lender #1049
7 Year Fixed
25 Year Amortization
Interest rate 6.1% 7 Year Fixed
Mo. Payment$4,959 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 51% LTV $0 Lender fees
Loan Amount $762,450 Loan Amount
Details
Bank*Lender #1049
10 Year Fixed
25 Year Amortization
Interest rate 6.21% 10 Year Fixed
Mo. Payment$4,913 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 50% LTV $0 Lender fees
Loan Amount $747,500 Loan Amount
Details
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CommLoan is providing quotes for information purposes only. For additional information on the largest commercial real estate lending marketplace, visit: www.commloan.com.

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