2400 NW 16th St Rd, Miami FL 33125
Income/MultiFamily in Miami
$8,200,000
Listing courtesy of The Keyes Company; Juan Garcia. Information from the Southeast Florida Multiple Listing Service is deemed reliable but is not guaranteed accurate.
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Income/MultiFamily, Commercial Sale
Details
Overview
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.
This income/multifamily home located at 2400 NW 16th St Rd, Miami FL 33125 is currently for sale and has been available on Brickellsold for 86 days. This property is listed at $8M. It has N/A beds, N/A bathrooms, and is N/A square feet. It was built in 1974. 2400 NW 16th St Rd, Miami FL 33125 is in Miami county Miami-Dade County.
Interior
- Flooring: Other
- Common walls with other units/homes:
Property
- Parking Features:
- Entry location:
- Exterior Features:
- View Description:
Construction
- Year Built: 1974
Community & HOA
- Security Features:
- Amenities:
Financial
Metadata
Neighborhood Insights
School and crime data are from public sources and are informational only.
Nearby Schools
Within 5 miles
- Kensington Park PLC-D • 0.0 mi • K-12
- Kensington Park Elementary • 0.0 mi • K-12
- Citrus Grove K-8 Center • 0.0 mi • K-12
- Citrus Grove K-8 Center • 0.0 mi • K-12
- Comstock Elementary • 0.0 mi • K-12
- Miami Senior High • 0.0 mi • K-12
Nearby Hospitals
Within 3 miles
No nearby hospitals found.
Crime Overview
Crime data unavailable for this area.
