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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
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:
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
MLS information
Last updated Jul 18, 2026
Deemed reliable but not guaranteed.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
