For SaleMulti FamilyActive
2400 NW 16th St Rd
Miami, FL 33125
$8,200,000
183 Days On Site
- 25,899Sq Ft
- $317Per Sq Ft
- 0.43Acres
- 1974Built
- County
- Miami-Dade
- MLS®
- A12018511
Overview
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.
Listing Snapshot
- Price
- $8,200,000
- Days On Site
- 183 Days
- Bedrooms
- N/A
- Inside Area (SqFt)
- 25,899 sqft
- Total Baths
- N/A
- Full Baths
- N/A
- Partial Baths
- 0
- Lot Size
- 0.43 Acres
- Year Built
- 1974
- MLS® Number
- A12018511
- Status
- Active
- Property Tax
- $70,391
- HOA/Condo/Coop Fees
- N/A
- Sq Ft Source
- N/A
Property Details
General Features
4 items
- Parking Spaces
- 45
- Property Sub Type
- Multi Family
- SqFt Total
- 25,899
- Zoning
- 4600
Interior Features
3 items
- Cooling
- Central Air
- Flooring
- Laminate, Other
- Heating
- Central
Exterior Features
2 items
- Construction Details
- Block
- Roof
- Built-Up, Other
Community Features
1 item
- MLS Area
- 31
Location
2400 NW 16th St Rd, Miami, FL 33125 · 31
Neighborhood & Commute
ZIP Code 33125
- Median household income
- $35,836
- Income per person
- $23,256
- Households
- 18,802
- Average household size
- 2.69
- Median age
- 44.6
Source: Walk Score.
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
Price & Status History
- Listing updated with changes from the MLS®
- Price changed to $8,200,000
- Listing first seen on site
- Status changed to Active
Friends & Family
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