2400 NW 16th St Rd
2400, 16th St Rd, Miami, FL, 33125Basics
- Category: CommercialSale
- Type: Multifamily
- Status: Active
- Bathrooms: 0
- Floors: 4
- Lot size: 18731, 18731 sq ft
- Year built: 1974
- County: Miami-Dade
- Lease Term: TwelveMonths
- MLS ID: A12018511
Description
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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: 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.
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Building Details
Amenities & Features
- Parking Total: 45
- Roof: BuiltUp,Other
- Window Features: ImpactGlass
- Cooling: CentralAir
- Heating: Central
Expenses, Fees & Taxes
- Tax Annual Amount: $70,391
Miscellaneous
- List Office Name: The Keyes Company
- Attribution Contact: 954-995-8360
Ask our real estate expert about this property
This Multifamily-type commercial real estate is located in 2400, 16th St Rd, Miami, FL, 33125 was built in 1974, and is listed at $8,800,000.