2400 NW 16th St Rd, Miami, FL 33125
- Sqft
- 25,899
- Pool
- Yes
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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.
Location
Full feature list
Basic info
- Property type
- Multi-family
- Number of stories
- 4
- Square feet
- 25,899
- Year built
- 1974
Exterior features
- Pool
- Yes
- Horse amenities
- Stable
Utilities
- Heating
- Central
- Cooling
- Central Air
- Sewer
- Public Sewer
Taxes
- Tax Annual Amount (2025)
- $70,391
Public schools
Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.
Sourced from: MIAMI REALTORS MLS MLS®#: A12014138 Last checked: …
