Property Description

Exceptional 27-unit multifamily in the heart of Little Havana. Strong and stable income with great upside through rent adjustments. All units are currently under contract, with the majority recently renewed for 12-month terms in April, providing immediate income stability. Units rent quickly with minimal annual turnover, and most tenants are long-term residents. Features include central A/C, new elevator, pool, laundry with new machines, hurricane-impact windows, and ample parking. Excellent location just minutes from Brickell, Downtown, and Coral Gables. Current cap rate of approximately 7.04%. All figures are approximate and deemed reliable.

Features
Swimming Pool
Heating System
Cooling System
Patio:
Patio, Balcony, Open
Parking
Architectural Style
Community Features:
Laundry Facilities
Roof:
Other, Built-up
Sewer
Address Map
State:
FL
County:
Miami-Dade
City:
Miami
Zipcode:
33125
Street:
2400 Nw 16th St Rd, Miami, Florida 33125
Longitude:
W81° 48' 23''
Latitude:
N25° 46' 27''
MLS Addon
Building Area:
25,899 Sqft
Construction Materials:
Block
Cumulative DOM:
169
DOM:
169
Exterior Features
Flooring:
Laminate, Other
Internet Address Display:
1
Internet Listing Display:
1
Listing Terms:
Cash,Conventional,Owner May Carry,Other
Lot Features
Parcel Number:
01-31-34-023-0010
Subdivision Name:
KAYS EST
Tax Annual Amount:
$70,391
Tax Year:
2024
Utilities
Virtual Tour:
Click Here
Window Features:
Impact Glass

Residential Income For Sale

2400 Nw 16th St Rd, Miami, Florida 33125, Miami, Florida 33125

25,899 Sqft
$9,000,000
MLS # #A11899193
Basic Details
Property Type :
Residential Income
Listing Type :
For Sale
Price :
$9,000,000
Square Footage :
25,899 Sqft
Year Built :
1974
MLS # :
A11899193
Property Sub Type :
Quadruplex
Agent info
Contact Agent