About 2400 Nw 16th St Rd
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.
Features of 2400 Nw 16th St Rd
| MLS® # | A12014138 |
|---|---|
| USD | $8,800,000 |
| CAD | $12,137,400 |
| CNY | 元59,075,280 |
| EUR | €7,568,299 |
| GBP | £6,498,404 |
| RUB | ₽762,540,240 |
| Bathrooms | 0.00 |
| Square Footage | 25,899 |
| Year Built | 1974 |
| Type | Income |
| Sub-Type | Quadruplex |
| Style | Fourplex |
| Status | Active |
Community Information
| Address | 2400 Nw 16th St Rd |
|---|---|
| Area | 31 |
| Subdivision | KAYS EST |
| City | Miami |
| County | Miami-Dade |
| State | FL |
| Zip Code | 33125-1251 |
Amenities
| Utilities | Cable Available |
|---|---|
| Features | Laundry Facilities |
| Parking Spaces | 45 |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Laminate, Other |
|---|---|
| Heating | Central |
| Cooling | Central Air |
| Fireplace | No |
| # of Stories | 4 |
Exterior
| Exterior Features | Balcony, Fence, Patio |
|---|---|
| Windows | Impact Glass |
| Roof | Built-Up, Other |
| Construction | Block |
Additional Information
| Contact Info | 954-995-8360 |
|---|
Listing Details
| Contact Info | 954-995-8360 |
|---|