4 months on rocket

265 NE 116th St, Miami, FL, 33161

$1,850,000

Home List Price

$10,000*

Closing Credit

0 Baths
2,860 SqFt
$647/SqFt
Multi
Schools Nearby

Location

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265 NE 116th St, Miami$1,850,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
Year Built1947
HeatingNone
CoolingCentral Air, Electric
MLS #A11498642
StatusActive

About 265 NE 116th St

Your next investment awaits. Behold, this uniquely designed investment property in a rapidly growing neighborhood located between MIami Shores and Biscayne Park. Carefully designed and renovated, every unit shows flawless, Brand new Roof, Appliances, Central A/C, Impact windows throughout, also Washer/Dryers in two unit as well. This is the perfect 1031 investment. Turn-key property, low maintenance & tremendous upside rental potential. Short drive to downtown Miami and the beaches.

Property Details

Property Features

Property Information:

  • Architectural Style: Fourplex
  • Year Built: 1947
  • Stories: 1
  • Living Area: 2,860 SqFt

Listing Office:

  • Office Name: Compass Florida, LLC
  • Office Phone: (305) 851-2820
  • Listing Agent: Joseph Iaciofano

Interior Features

Interior Information:

  • Flooring Type: Ceramic Tile, Wood

Virtual/3D Tour

  • Virtual Tour: 265 NE 116th St

Virtual Tour

Utilities

Utilities Information:

  • Heating: None
  • Cooling: Central Air, Electric

School Info

Assigned Schools Information:

  • North Miami Senior High School, Public Magnet Grades 9-12
  • North Miami Middle School, Public Magnet Grades 6-8
  • Gratigny Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: I95 103 st exit east to ne 2 ave make left to 116 st make right

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,850,000
  • Price Per SqFt: $647/SqFt

Tax Information:

  • Annual Amount: $8,729
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Miami, FL.

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Miami, FL

City

Med. Sold Price

$540K

Med. Price/SqFt

$380

Avg. Days On Market

59

# of Sold Homes

883

265 NE 116th St vs Miami

141 DAYS ON ROCKET

+82 Days

$1,850,000

+$1.3M More

$647/SqFt

+$267 More

KEY TAKEAWAY

This property is $1.3M more than the Median Sold Price and $267/SqFt more than other homes in Miami, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SEFMIAMI
  • MLS Number: #A11498642

Listing Office:

  • Office Name: Compass Florida, LLC
  • Office Phone: (305) 851-2820
  • Listing Agent: Joseph Iaciofano

IDX © 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/1/2024, 6:25:13 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$8,729$438,025
2018$8,111$414,506
2017$4,303$243,074

History based on county public records data.

Payment Calculator

$9,301

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,613

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-4071603
3
/10

  • Gratigny Elementary School

  • 11905 N Miami Ave

  • 0.39 miles

  • Public District Grades PK-5

Middle School

school-card-donut-4071604
3
/10

  • North Miami Middle School

  • 700 NE 137th St

  • 1.43 miles

  • Public Magnet Grades 6-8

High School

school-card-donut-4071605
3
/10

  • North Miami Senior High School

  • 13110 NE 8th Ave

  • 1.17 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $44,156. Most Miami, FL residents have annual incomes between $35k-100k. The majority of families are single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Florida›Miami-Dade County›Miami›33161›265 NE 116th St

This home is located at 265 NE 116th St in Miami, FL and zip code 33161. This 2,860 square foot home was built in 1947. It has been listed on Rocket Homes since December 11, 2023 and is currently priced at $1,850,000.

In March 2024, from all listings sold in Miami, FL there were more than 115 sold above asking price, over 619 sold below and more than 149 were sold right at the asked price. The number of listings in Miami, FL increased by 9.1% between February 2024 and March 2024. While the average time on the market in March 2024 was 59 days, the median list price was $540,091.

From Rocket Homes Real Estate and based on county public records data.

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