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Jesse Spencer
Juan C. Sotolongo

Las Mercedes 12-Unit Allapattah Apartment Building

$1,600,000 1632 NW 16th Terrace⁠⁠⁠, Miami, FL 33125

Las Mercedes is a 12-unit multifamily apartment building with value-add and upside potential. The structure is located on the south side of the Allapattah neighborhood near Downtown Miami, Wynwood & Little Havana. It is adjacent to Miami Dade courts, Jackson Health Campus, and the University of Miami Medical Campus. In this established Allapattah rental market, there continues to be a growing demand with several new construction projects in the area. Las Mercedes is within walking distance to supermarkets, restaurants, cafes, shopping malls, salons, and barbershops. It is also conveniently located only four blocks from the brand new River Landing Project with commercial retail and Class A rentals and within easy driving access to main highways. I-95, 836, and 826 

  • Fully Occupied
  • Double Lot With Parking
  • Major Recent Capital Improvements
  • Up-And-Coming Area of Allapattah
  • Sold
  • 12
  • 12
  • 1971
    Year Built
  • 7,432 Sq.Ft.
    Living Area

Features & Amenities

Area & Lot

  • Status: Sold
  • Living Space: 7,432 Sq.Ft.
  • Lot Size: 12,500 Sq.Ft.
  • Type: Multi-Family, Commercial
  • Year Built: 1971


  • Total Bedrooms: 12
  • Total Bathrooms: 12
  • Full Bathrooms: 12

Exterior & Building

  • Stories: 2


  • Sales Price: $1,600,000

Las Mercedes 12-Unit Allapattah Apartment Building

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