2400 NW 16th St Road, Miami, FL 33125

Listing Snapshot

About This Home

Current cap rate: 6.15%. 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.

General Features

Property Type

ResidentialIncome

Sub-type

Quadruplex

Stories

4

Parking Spaces

45

Zoning

4600

Utilities

CableAvailable

Subdivision

KAYS EST

Interior Features

Flooring

Laminate,Other

Heating

Central,SeparateMeters

Cooling

CentralAir

Laundry

Outside

Exterior Features

Construction

Block

Exterior Features

Balcony,OutdoorLivingArea

Roof

BuiltUp,Other

Lot Features

CornerLot

Patio / Porch

Open,Patio,Balcony

Fencing

Fenced

Pool

Yes

Pool Features

InGround

Waterfront

No

Community Features

Association Amenities

Elevators

MLS Area

2310

Map

Virtual Tour