Kays Est
$8,800,000
2400 NW 16th St Rd, Miami, FL 33125
For Sale
Multifamily
Duplex / Triplex / Fourplex
Active
Last Updated: 05/07/2026
541,296
NOI
25,899 sqft
Building Size
Details:
NOI: $541,296
Building Size: 25,899 sqft
Units: 2
Year Built: 1974
Floors: 4
Parking Spots: 45
Gross Leaseable Area: 25,899
Highlights:
- Lot Features: Corner Lot
- Building Features: Laundry Facility
- Documents Available: Deposit - Last Months Rent, Deposit - Security, Financial Statement, Copy Of Lease(S), Other Available Information, Rent Rolls, Service Contracts, Existing Survey
- Cooling: Central Air
- Heating: Central
- Flooring: Other
- Construction Materials: Concrete Block Construction, CBS Construction
Description:
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.
Location
Gallery
