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
