2400 NW 16th St Rd, Miami, FL 33125
2400 NW 16th St Rd, Miami, FL 33125
2400 NW 16th St Rd, Miami, FL 33125
2400 NW 16th St Rd, Miami, FL 33125
2400 NW 16th St Rd, Miami, FL 33125
2400 NW 16th St Rd, Miami, FL 33125
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Lyka Mohammed

Lyka Mohammed

+1(786) 982-0314
$ 8,200,000
Est. payment | /mo

25,899 SqFt

Save Virtual Tour
$ 8,200,000
Est. payment | /mo
Save Virtual Tour

25,899 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 25,899 sqft

Price per Sqft $316

MLS Listing ID A12018511

HOA Y/N Yes

Year Built 1974

Annual Tax Amount $70,391

Lot Size 0.430 Acres

Property Sub-Type Multi Family

Property 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.

Location

State FL

County Miami-dade

Area 31

Zoning 4600

Interior

Heating Central

Cooling Central Air

Flooring Laminate, Other

Equipment Generator

Window Features Impact Glass

Exterior

Roof Type Built-Up,Other

Total Parking Spaces 45

Private Pool Yes

Building

Story 4

Structure Type Block

Others

Tax ID 01-31-34-023-0010

Virtual Tour https://www.propertypanorama.com/instaview/mia/A12018511

Miami Association of Realtors (SEFMIAMI MLS)
Listed by The Keyes Company

Nearby Locations

Lyka Mohammed

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(786) 982-0314

lyka.m@theabbasgroup.com

11010 SW 88th St Ste 200, Miami, FL 33176, USA

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2400 NW 16th St Rd