2400 NW 16th St Road, Miami, FL 33125
- $8,200,000
- 25,899
- SqFt
- List Price
- $8,200,000
- Status
- ACTIVE
- Days on Market
- 130
- Price Change
- ▼ $600,000 1784430171
- MLS#
- A12014138
- Subtype
- Residential Income
- Year Built
- 1974
- Living Area
- 25,899
- Subdivision
- Kays Est
- MLS Area Major
- 2310
Property Description
Current cap rate: 7%. 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.
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Additional Information
- Amenities
- Elevator(s)
- Exterior Features
- Balcony, Outdoor Living Area
- Taxes
- $70,391
- Flooring
- Laminate, Other
- Heating
- Central, Separate Meters
- Air Conditioning
- Central Air
- Exterior Construction
- Block
- Stories
- 4
- Roof
- Built-Up, Other
- Pool
- Yes
- Elementary School
- Comstock
- Middle School
- Citrus Grove
- High School
- Miami Jackson
Listing courtesy of The Keyes Company. Contact:
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Agent: Juan Garcia | Email: estebangsrealtor@gmail.com