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2400 16th St Rd, Miami, FL 33125
Offering:
For Sale
Location:
Miami, FL 33125
Subdivision:
KAYS EST
Status:
Active
$8,200,000
Deemed reliable but not guaranteed.
Details
Year built:
1974
Stories:
4
Parking:
45 spaces
Style:
Fourplex
Days on market:
73
Cumulative days on market:
270
Annual tax (2025):
$70,391
Type:
Quadruplex
MLS ID
A12014138
Virtual tour:
Listed by:
The Keyes Company (KEYE33)
Listing office phone:
954-966-0631
Listing office email:
Listing agent:
Juan Garcia (3580075)
Features
Utilities
Available:
Cable Available
Sewer:
Public Sewer
Description
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.
Price history
$8,800,000 → $8,200,000
·
Reduced by
$600,000 (6.8%) · 2 price changes
Location
2400 NW 16th St RdMiami, FL 33125
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MLS information
Last updated Jul 18, 2026
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