2400 NW 16th St Rd, Miami, FL 33125
2400 NW 16th St Rd, Miami, FL 33125
2400 NW 16th St Rd, Miami, FL 33125
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Monica Cataluña, CCIM, ALC

Monica Cataluña, CCIM, ALC

+1(954) 812-1831
$8,200,000
Est. payment /mo
25,899 SqFt
Save Virtual Tour

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 25,899 sqft

Price per Sqft $316

MLS Listing ID A12018511

HOA Y/N Yes

Year Built 1974

Annual Tax Amount $70,391

Lot Size 0.430 Acres

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

Area 31

Zoning 4600

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

Read Less Info
Miami Association of Realtors (SEFMIAMI MLS)
Listed by The Keyes Company

Nearby Locations

Monica Cataluña, CCIM, ALC

"We recognize that real estate ventures involve more than just transactions; they’re intricate puzzles that demand strategic thinking and a keen understanding of the numbers. With years of experience in the industry, we bring a wealth of knowledge and expertise to the table, ensuring that every client receives tailored solutions to meet their unique needs."

+1(954) 812-1831

monica@koresrealty.com

2665 Executive Park Drive, Suite 1 Weston, FL 33331

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Monica Cataluna-Shand, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this property

2400 NW 16th St Rd