2400 Nw 16th St Rd, Miami, FL 33125
- $8,200,000
- 25,899
- SqFt
- List Price
- $8,200,000
- Price Change
- ▼ $600,000 1784426526
- MLS
- A12014138
- Complex Name
- Kays Est
- Status
- ACTIVE
- Type
- Multifamily
- Living Area
- 25,899
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.
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Additional Information
- Days on Market
- 103
- Pool
- Yes
- Style
- Quadruplex, Fourplex
- Special Information
- Substantially Remodeled
- Exterior Features
- Balcony, Open Balcony
- #Parking Spaces
- 45
- Year Built
- 1974
- Development Name
- Kays Est
- #Stories
- 4
- Construction Type
- Concrete Block Construction, CBS Construction
- Pool Description
- In Ground
- Section
- 34
Mortgage Calculator
Listing Courtesy of The Keyes Company, Contact: 954-995-8360