Miami, FL 33125 2400 NW 16th St Rd
$8,800,000
42 more
Presented By: This listing is courtesy of The Keyes Company
Beds • 2
Baths • 1
SQFT • 25,899
Home Details
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.
Presented By: This listing is courtesy of The Keyes Company
Interior Features for 2400 NW 16th St Rd
Bedrooms
Total Bedrooms2
Bathrooms
Half Baths0
Total Baths
Other Interior Features
Air Conditioning Y/NYes
FlooringLaminate, Other
Heating Y/NYes
Window FeaturesImpact Glass
General for 2400 NW 16th St Rd
Architectural StyleFourplex
AttributionContact954-995-8360
CityMiami
Community FeaturesLaundry Facilities
Construction MaterialsBlock
CoolingCentral Air
CountyMiami-Dade
Full Baths1
HeatingCentral
Legal DescriptionKAYS EST RESUB PB 30-44 LOTS 1 THRU 3 & E10FT OF LOTS 7 & 8 F/A/U FOLIO 01 3134 85 HER-DOM CONDO
Listing TermsCash, Conventional, Owner May Carry, Other
Lot Size UnitsSquare Feet
MLS Area31
Net Operating Income541296
Number Of Units Total18
Occupancy TypeCall Agent
Patio/Porch FeaturesBalcony, Open, Patio
Pool FeaturesIn Ground, Pool
PossessionClosing & Funding, Close Of Escrow
PostalCityMiami
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidential Income
Rent IncludesGardener, Hot Water, Pest Control, Pool, Sewer, Trash Collection, Water
RoofBuilt-Up, Other
SewerPublic Sewer
Standard StatusActive
StatusActive
Stories Count4
Subdivision NameKAYS EST
Tax Annual Amount70391
Tax Year2025
Total Actual Rent685080
UtilitiesCable Available
Virtual TourClick here
Year Built1974
Year Built DetailsResale
Zoning Description4600
Exterior for 2400 NW 16th St Rd
Building Area Total25899
Covered Spaces
Exterior AmenitiesBalcony, Fence, Patio
Lot FeaturesCorner Lot
Total Parking45
Waterfront Y/NNo
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
Tatiana Rostran
Realtor®
