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
