Property 2400 NW 16th St Road, Miami, FL 33125 for sale with MLS# A12018511
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.
2400 NW 16th St Road, Miami, FL 33125
- Price:
- $8,200,000.00
- Original List Price:
- $8,800,000.00
- List Price per Sq Ft (Calculated, Approx.):
- $316.61
- Gross Scheduled Income:
- 695952
- Special Licenses:
- City License
- Tenant Pays:
- Electricity, Hvac Maintenance, Maintenance, Interior Electric, Interior Maintenance
- Listing Type:
- For Sale
- Status:
- Active
- Listing Category:
- Commercial Sale
- Property Type:
- Multi Family
- Description of Last Important Update:
- Price Reduced
- Last Major Update on:
- July 18, 2026 9:56 pm
- Built-Up Area:
- 0.59 Acre
- Lot Size Acres:
- 0.43
- Air Conditioning
- Air Conditioning System:
- Central Individual
- Heating
- Heating System:
- Central Individual
- Building:
- Kitchen Facilities, Elevator(s), Laundry Facilities, Pool, Balconies
- Year Built:
- 1974
- Roof:
- Other, Built-up
- Number of Units Total:
- 2
- Construction Materials:
- Block, CBS
- Flooring:
- Other, Laminate
- Flood Zone Code:
- AE
- Property Condition:
- Resale
- Tax Annual Amount:
- $70,391.00
- Parking Total Spaces:
- 45
- Senior Community:
- No
- Documents Available:
- Rent Rolls, Contracts, Existing Survey, Copy Of Lease(s), Financial Statement, Other Available Information, Tax Return
- Buyer Possession:
- Negotiable, Close Of Escrow
- Tax Legal 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
- Real Estate Folio Number (Parcel Number):
- 0131340230010
- Zoning:
- 4600
- Active on the market since:
- May 13, 2026
- Listing Agreement executed on:
- May 13, 2026
- Price change occurred on:
- July 18, 2026 9:56 pm
- Listing Status Last Changed On:
- May 13, 2026 4:00 am
- Photos updated on:
- August 7, 2026 6:49 pm
- Last Modified:
- August 7, 2026 6:49 pm
- Courtesy of:
- The Keyes Company
- Attribution:
- Not provided
- Street Name:
- 16th St
- Street Number:
- 2400
- City:
- Miami
- State:
- Florida
- Zip Code:
- 33125
- County:
- Miami-Dade
- Latitude:
- N25° 47' 19.8''
- Longitude:
- W81° 45' 51.2''
- Street Suffix:
- Road
- Street Direction Prefix:
- NW
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Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates
Air Quality
Source: AirNow.gov · Miami
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