3501 SW 16th Ter Prime Miami location just steps from Coral Gables. Rare investment, income, and redevelopment opportunity in one of Miami’s most desirable areas. Existing duplex with strong rental potential and the possibility to convert into 4 units. Property is equipped with accordion shutters and tankless water heater. Hardwood floors under carpet in the upper unit and teak closets. Located in Flood Zone X with no HOA. Land use may allow development of up to 9 units (buyer to verify zoning and redevelopment options). Great opportunity for investors or developers seeking land value in a prime location. Centrally located minutes from Coconut Grove, Brickell, Downtown Miami, Miami Beach, University of Miami, Miracle Mile, and Miami International Airport. Exceptional location with tremendous upside for investors, developers, or end users. Tenant occupied on a month-to-month basis. Interior photos and floor plan coming soon. Please call or text listing agent to schedule an appointment.