2400 Nw 16th St Rd, Miami, FL 33125
- $8,200,000
- List Price
- $8,200,000
- Days on Market
- 184
- Price Change
- ▼ $600,000 1784426843
- MLS#
- A12018511
- Year Built
- 1974
- Lot Size
- 18,731
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.
Additional Information
- Taxes
- $70,391
- Community Features
- Not Found
- Zoning
- 4600
- Heating
- Central Individual A/C
- Air Conditioning
- Central Individual A/C
- Exterior Construction
- Concrete Block Construction, CBS Construction
- Roof
- Built-Up, Other
Listing Courtesy Of The Keyes Company, Contact: 954-995-8360