Property Description

Current cap rate: 6.15%. Exceptional 27-unit multifamily property in the heart of Little Havana. Strong and stable income with significant upside potential through rent adjustments or renovations. All units are currently under contract, with most leases recently renewed through May 2027, providing immediate income stability. Units rent quickly with minimal annual turnover, and the majority of tenants are long-term residents. Property features include central A/C, a new elevator, swimming pool, laundry facilities with new machines, impact windows and doors, and ample parking. Prime location just minutes from Brickell, Downtown Miami, and Coral Gables.

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:
197
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:
2025
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
$8,800,000
MLS # #A12014138
Basic Details
Property Type :
Residential Income
Listing Type :
For Sale
Price :
$8,800,000
Square Footage :
25,899 Sqft
Year Built :
1974
MLS # :
A12014138
Property Sub Type :
Quadruplex
Agent info
Contact Agent