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
$8,200,000
Virtual Tour
  • - Beds
  • - Baths
  • 25,899 sq. ft.
  • Multi-family
  • Active
Listed by: juan garcia
Office: the keyes company954-966-0631
MLS#:A12014138
Source:SEFMLS

Price summary

  • Price:$8,200,000
  • Price per sq. ft.:$316.61

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.

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Home facts

  • Year built:1974
  • Subdivision & Development:KAYS EST
  • Listing ID #:A12014138
  • Updated:September 28, 2026 at 09:51 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:$8,200,000
  • Price per sq. ft.:$316.61
  • Tax amount:$70,391 (2025)

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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