2400 NW 16th St RD, Miami, FL 33125
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Teresa Santana

Teresa Santana

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2400 NW 16th St RD Miami, FL 33125

25,899 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 25,899 sqft

Subdivision Kays Est

MLS Listing ID A12014138

Construction Status Resale,Updated/Remodeled

HOA Y/N No

Year Built 1974

Annual Tax Amount $70,391

Tax Year 2025

Property Sub-Type Quadruplex

Property Description

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

State FL

County Miami-dade

Area 2310

Interior

Heating Central, Separate Meters

Cooling Central Air

Flooring Laminate, Other

Fireplace No

Laundry Outside

Exterior

Exterior Feature Balcony, Outdoor Living Area

Fence Fenced

Pool In Ground

Utilities Available Cable Available

Amenities Available Elevator(s)

Roof Type Built-Up,Other

Porch Open, Patio, Balcony

Total Parking Spaces 45

Private Pool Yes

Building

Lot Description Corner Lot

Dwelling Type Multi Family

Story 4

Sewer Public Sewer

New Construction No

Construction Status Resale,Updated/Remodeled

Schools

Elementary Schools Comstock

Middle Schools Citrus Grove

High Schools Miami Jackson

Others

Pets Allowed No

Tax ID 0131340230010

Acceptable Financing Cash, Conventional, Owner Will Carry, Other

Listing Terms Cash, Conventional, Owner Will Carry, Other

Virtual Tour https://www.propertypanorama.com/instaview/mia/A12014138

BeachesMLS, Inc. (FLR) VOW
Listed by Juan Garcia The Keyes Company

NEARBY SCHOOLS & PROPERTIES

Teresa Santana

Teresa Santana

CEO

+1(954) 873-1586

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2400 NW 16th St RD

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