2400 NW 16th St Rd, Miami, FL 33125

Miami
Local realty services provided by:First Service Realty ERA Powered
2400 NW 16th St Rd,Miami, FL 33125
$9,000,000
Virtual Tour
  • - Beds
  • - Baths
  • 25,899 sq. ft.
  • Multi-family
  • Active
Listed by: juan garcia
Office: the keyes company954-966-0631
MLS#:A11899193
Source:SEFMLS

Price summary

  • Price:$9,000,000
  • Price per sq. ft.:$347.5

About this home

Exceptional 27-unit multifamily in the heart of Little Havana. Strong and stable income with great upside through rent adjustments. All units are currently under contract, with the majority recently renewed for 12-month terms in April, providing immediate income stability. Units rent quickly with minimal annual turnover, and most tenants are long-term residents. Features include central A/C, new elevator, pool, laundry with new machines, hurricane-impact windows, and ample parking. Excellent location just minutes from Brickell, Downtown, and Coral Gables. Current cap rate of approximately 7.04%. All figures are approximate and deemed reliable.

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Home facts

  • Year built:1974
  • Listing ID #:A11899193
  • Updated:May 05, 2026 at 09:53 AM

Rooms and interior

  • Living area:25,899 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central
  • Central air:Yes

Structure and exterior

  • Roof:Built-Up
  • Year built:1974
  • Building area:25,899 sq. ft.
  • Lot Features:Corner Lot
  • Architectural Style:Fourplex
  • Construction Materials:Block
  • Exterior Features:Balcony, Fence, Open, Patio

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$9,000,000
  • Price per sq. ft.:$347.5
  • Tax amount:$70,391 (2024)

Features and amenities

  • Amenities:Balcony, Impact Glass Windows
  • Pool features:In Ground, Pool

Parking

  • Total parking spaces:45
Information deemed reliable but not guaranteed. Information is provided, in part, by Greater Miami MLS. This information being provided is for consumer's personal, non-commercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing.

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