2800 SW 16th Ter, Miami FL 33145

Located in the established Grapeland community of Miami-Dade County, this detached residential income property offers a compelling redevelopment opportunity for builders and investors. Built in 1924, the 1,535-square-foot property is classified as a duplex and is being sold as-is, with the land providing the main value and existing rental income offering an important financial cushion.
The T3O zoning allows for modern multi-unit or townhome construction, creating flexibility for a future redevelopment plan. The three existing units could generate approximately $60,000 in estimated gross annual income, helping carry the property through the entitlement process and keeping the lot productive before the first permit is pulled.
The property includes central air and wall or window units, with no heating system. Its location at 2800 SW 16th Ter, Miami FL 33145 places it near Miami’s desirable amenities, including sunny weather, beautiful beaches, restaurants, cultural attractions, shopping, nightlife, and major transportation routes. Miami International Airport, downtown Miami, Coral Gables, and Coconut Grove are also within convenient reach.
Whether you are looking for a land-driven investment, a redevelopment site, or an income-producing property in a strong Miami location, this opportunity deserves a closer look.
For more information or to schedule a conversation, call or text/WhatsApp +1 786.468.4380.