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$ 8,800,000
Est. payment /mo
Active
2400 NW 16th St Rd Miami, FL 33125
25,899 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 25,899 sqft
Price per Sqft $339
MLS Listing ID A12018511
HOA Y/N No
Year Built 1974
Annual Tax Amount $70,391
Lot Size 0.430 Acres
Property Sub-Type Multi Family
Property Description
Current cap rate: 6.25%. 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
State FL
County Miami-dade
Area 31
Interior
Heating Central
Cooling Central Air
Flooring Laminate, Other
Equipment Generator
Window Features Impact Glass
Exterior
Roof Type Built-Up,Other
Total Parking Spaces 45
Private Pool Yes
Building
Story 4
Structure Type Block
Others
Tax ID 01-31-34-023-0010
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12018511
Listed by The Keyes Company
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