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

Teresa Santana

+1(954) 873-1586
$ 8,200,000
Est. payment /mo
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Active

2400 NW 16th St RD Miami, FL 33125

25,899 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 25,899 sqft

Price per Sqft $316

MLS Listing ID A12018511

Construction Status Resale

HOA Y/N No

Year Built 1974

Annual Tax Amount $70,391

Lot Size 0.430 Acres

Acres 0.43

Property Sub-Type Multi Family

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

Community Laundry Facilities, Pool

Area 2310

Zoning 4600

Interior

Interior Features InteriorFeatures

Heating Central, Individual

Cooling Central Air

Flooring Laminate, Other

Fireplace No

Exterior

Exterior Feature Balcony

Pool Community

Community Features Laundry Facilities, Pool

Roof Type Built-Up,Other

Porch Balcony

Total Parking Spaces 45

Building

Building Description Block, Elevator(s),Kitchen Facilities

Structure Type Block

New Construction No

Construction Status Resale

Others

Tax ID 0131340230010

Virtual Tour https://www.propertypanorama.com/instaview/mia/A12018511

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

NEARBY SCHOOLS & PROPERTIES

Teresa Santana

Teresa Santana

CEO

+1(954) 873-1586

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