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
Agent info
Contact Agent