16020 SW 208th Ave - Apartments FOR SALE


Miami, FL 33187
$1,180,000 USD
305-417-2073
16020 SW 208th Ave, Miami, FL for Sale
$1,180,000 USD
Apartments - FOR SALE
1/13
null | 12.6% Cap Rate

16020 SW 208th Ave
Miami, FL 33187


HIGHLIGHTS

  • Rare agricultural - Income producing
  • Open land / Flexible zoning
  • Strong potential for primary use or investment

OVERVIEW

Exceptional income-producing residential compound situated on almost 2 acres in the Redlands. This unique property offers multiple dwelling units with strong in-place cash flow and future upside. Current monthly income exceeds $14,000, making it ideal for investors, owner-occupants, or multi-generational living. The property consists of six primary residential units plus additional income-producing structures, including a detached 1-bedroom cottage and an RV with full hook-ups, both currently used as rentals. Features include two gated private entrances, well water, coin-operated laundry, mature fruit trees, nursery space, and a legal horse stable. The expansive lot provides ample space for additional RV pads, outdoor rental concepts, or construction of a custom primary residence (buyer to verify development options). Convenient Redlands location near Krome Ave, agricultural amenities, and major roadways. Rare opportunity to acquire a cash-flowing residential income property with land, privacy, and expansion potential.

FOR SALE DETAILS

PRICE

$1,180,000 USD

PRICE/SF

$354 USD /SF

# OF UNITS

5

PRICE/UNIT

$236,000

CAP RATE

12.6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2015

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.82 AC

LAND SF

79,279 SF

ZONING

RESIDENTIAL-AG

APN/PARCEL ID

30-5828-000-3930

ASK ABOUT THIS PROPERTY

Isabella Estrada-SarskeAvenew Realty CorpMore Info
305-417-2073

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Isabella Estrada-SarskeAvenew Realty CorpMore Info
305-417-2073

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.