2400 NW 16th St Rd
$8,800,000
2400 NW 16th St Rd, Miami, FL 33125
For Sale
Multifamily
Active
Last Updated: 05/19/2026
25,899 sqft
Building Size
27
Units
Details:
Building Size: 25,899 sqft
Units: 27
Year Built: 1974
Floors: 4
Parking Spots: 45
Highlights:
- Building Features: Airport Access, Balconies, City Licenses, Elevator, Kitchen Facilities, Laundry Facilities, Pool
- Documents Available: Contracts, Financial Statement, Copy Of Lease(S), Other Available Information, Rent Rolls, Existing Survey, Tax Return
- Cooling: Central Individual A/C
- Heating: Central Individual A/C
- Flooring: Other
- Construction Materials: Concrete Block Construction, CBS Construction
Description:
Current cap rate: 6.25%. 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
Gallery
