Property Description
Current cap rate: 6.25%. 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
- Heating System
- Cooling System
- Roof:
- Other, Built-up
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:
- 5
- DOM:
- 5
- Flooring:
- Laminate, Other
- Internet Address Display:
- 1
- Internet Listing Display:
- 1
- Parcel Number:
- 01-31-34-023-0010
- Structure Type:
- Apartment, Multi Family
- Tax Annual Amount:
- $70,391
- Virtual Tour:
- Click Here
- Window Features:
- Impact Glass
Commercial Sale For Sale
2400 Nw 16th St Rd, Miami, Florida 33125, Miami, Florida 33125
18,731 Sqft
$8,800,000
MLS # #A12018511
Basic Details
- Property Type :
- Commercial Sale
- Listing Type :
- For Sale
- Price :
- $8,800,000
- Year Built :
- 1974
- Lot Area :
- 18,731 Sqft
- MLS # :
- A12018511
- Property Sub Type :
- Multi Family
