Miami, FL 33125 2400 NW 16th St Rd
$8,800,000
41 more
Presented By: This listing is courtesy of The Keyes Company
Beds • 9
SQFT • 25,899
Home Details
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.
Presented By: This listing is courtesy of The Keyes Company
Interior Features for 2400 NW 16th St Rd
Bedrooms
Total Bedrooms9
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
FlooringLaminate, Other
Heating Y/NYes
Window FeaturesImpactGlass
General for 2400 NW 16th St Rd
AttributionContact954-995-8360
CityMiami
Construction MaterialsBlock
CoolingCentralAir
CountyMiami-Dade
Full Baths
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
Lot Size Square Feet18731
Lot Size UnitsSquareFeet
MLS Area31
Number Of Units Total27
Occupancy TypeCallAgent
Ok to LeaseTwelveMonths
PossessionClosingAndFunding, CloseOfEscrow
PostalCityMiami
Property Sub Type AdditionalMultiFamily
Property SubtypeMultiFamily
Property TypeCommercialSale
RoofBuiltUp, Other
Standard StatusActive
StatusActive
Stories Count4
Structure TypeApartment, MultiFamily
Tax Annual Amount70391
Tenant PaysElectricity, HvacMaintenance, MinorInteriorMaintenance
Virtual TourClick here
Year Built1974
Year Built DetailsResale
Zoning Description4600
Exterior for 2400 NW 16th St Rd
Building Area Total25899
Covered Spaces
Lot Size Area18731
Other EquipmentGenerator
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
Yessenia Eglee Ferrer Vegas
Realtor®
