2400 NW 16th St Rd, Miami FL 33125

Description

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.

This income/multifamily home located at 2400 NW 16th St Rd, Miami FL 33125 is currently for sale and it is a new listing on Brickellsold listed today. This property is listed at $9M. 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.