2400 NW 16th St Rd, Miami, FL 33125

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.

Property Details

Flooring

Other

Heating

Central Individual A/C

Cooling

Central Individual A/C

Building & Association

Stories

4

Stories Total

4

Association

No

Association Fee

0

Lot & Construction

Lot Size Square Feet

18,731

Waterfront

No

View

No

Construction Materials

Concrete Block Construction, CBS Construction

Roof

Built-Up, Other

New Construction

No

Public Records

Parcel Number

01-31-34-023-0010

Tax Annual Amount

$70,391

Zoning

4600

County Or Parish

Miami-Dade County

Location