2400 NW 16th St Rd, Miami FL 33125

Description of 2400 NW 16th St Rd, Miami FL 33125

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 for 2400 NW 16th St Rd, Miami FL 33125

Interior Features

Elevator, Stairs

Flooring

Other

Heating

Central

Cooling

Central Air

Pool Features

In Ground

Pool Private

No

Year Built Details

Resale

Property Condition

Substantially Remodeled

Building Information for 2400 NW 16th St Rd, Miami FL 33125

Building Name

KAYS EST

Building Area Total

25899

Building Area Units

Square Feet

Stories

4

Stories Total

4

Association

No

Property Information for 2400 NW 16th St Rd, Miami FL 33125

Lot Features

Corner Lot

Lot Size Square Feet

0

Waterfront

No

View

No

Construction Materials

Concrete Block Construction, CBS Construction

Roof

Built-Up, Other

Exterior Features

Balcony, Open Balcony

Sewer

Public Sewer

New Construction

No

Public Records for 2400 NW 16th St Rd, Miami FL 33125

Parcel Number

01-31-34-023-0010

Tax Annual Amount

$70,391

Tax Year

2,025

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

Zoning

4600

County Or Parish

Miami-Dade County

Location