FL Real Estate & Homes • (561) 835-5400Mortgage Title List & Sell for 1% Get Home Value
$8,200,00086 days on marketActive

2400 NW 16th St Road, Miami, FL 33125

Miami, FL 33125
0
Sq Ft
1974
Year Built
0.43 acres
Lot Size

Listing Snapshot

List Price$8,200,000
Beds0
Baths0
Living Area0 sqft
Lot Size0.43 acres
Year Built1974
Property Tax$70,391/yr
HOA / Condo Fee$0
MLS #1159981518
StatusActive
Days on Market86

About This Home

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.

General Features

Property Type
CommercialSale
Sub-type
MultiFamily
Parking Spaces
45
Zoning
4600

Interior Features

Flooring
Laminate,Other
Heating
Central,Individual
Cooling
CentralAir

Exterior Features

Construction
Block
Exterior Features
Balcony
Roof
BuiltUp,Other
Patio / Porch
Balcony
Pool Features
Community

Community Features

Community Features
LaundryFacilities,Pool
Association Dues
$0
MLS Area
2310

Map

Virtual Tour

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Listed by Juan Garcia · The Keyes Company
MLS# 1159981518 · BEACH
Information deemed reliable but not guaranteed. © 2026 BEACH.

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Estimate Your Payment

$

20% down · Loan: $6,560,000

%
Est. Monthly$50,617
Principal & Interest$44,751
Property Tax$5,866

Estimate only. Does not include insurance or PMI. Rate is illustrative — contact us for current rates.

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