2400 Nw 16th St Rd, Miami, FL 33125
- $8,200,000
- 25,899
- SqFt
- List Price
- $8,200,000
- Price Change
- ▼ $600,000 1784426526
- MLS#
- A12014138
- Sq. Ft
- 25,899
- Subtype
- Quadruplex
- County
- Miami-Dade
- Community
- Kays Est
- Subdivision
- Kays Est
- Year Built
- 1974
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
- Status Label
- ACTIVE
- Total Unitsin Complex
- 2
- Construction
- Concrete Block Construction, CBS Construction
- Cooling
- Central Air
- Flooring
- Other
- Heating
- Central
- Lot Description
- Corner Lot
- Roof
- Built-Up, Other
- Special Information
- Substantially Remodeled
- Taxes
- $70,391
- Total Floors
- 4
- Stories
- 4
- Roofing
- Built-Up, Other
- Price Per Sqft
- $316
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Listing Courtesy Of The Keyes Company, Contact: 954-995-8360