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Commercial Real Estate

CommercialSaleMultifamilyFLMiami2400, 16th St Rd, Miami, FL, 33125

Basics

  • Category:
  • Type:
  • Status:
  • Bathrooms: 0
  • Floors: 4
  • Lot size: 18731, 18731 sq ft
  • Year built: 1974
  • County: Miami-Dade
  • Lease Term: TwelveMonths
  • MLS ID: A12018511

Description

  • Description:

    KAYS EST RESUB PB 30-44 LOTS 1 THRU 3 & E10FT OF LOTS 7 & 8 F/A/U FOLIO 01 3134 85 HER-DOM CONDO 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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Building Details

  • Structure Type: Apartment,MultiFamily
  • Sewer: PublicSewer
  • Construction Materials: Block
  • Covered Spaces: 0
  • Floor covering: ,

Amenities & Features

  • Parking Total: 45
  • Roof: BuiltUp,Other
  • Window Features: ImpactGlass
  • Cooling: CentralAir
  • Heating: Central

Expenses, Fees & Taxes

  • Association Fee: 0
  • Tax Annual Amount: $70,391

Miscellaneous

  • List Office Name: The Keyes Company
  • Attribution Contact: 954-995-8360

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This -type commercial real estate is located in 2400, 16th St Rd, Miami, FL, 33125 was built in 1974, and is listed at $8,200,000.

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