47
42 More
Residential Income Active

2400 NW 16th St Rd, Miami FL 33125

  • $8,800,000

Overview

  • Quadruplex
    Property Type
  • 25899 Square Feet
    Area Size
  • Square Feet
    Land Area
  • 1974
    Year Built
  • The Keyes Company
    Listing Office
  • Juan Garcia
    Listing Agent
  • A12014138
    Property ID

360° Virtual Tour

Description

Current cap rate: 6.15%. 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.

Click to rate this post!
[Total: 0 Average: 0]

Details

Updated on June 2, 2026 at 1:34 pm
  • Property ID A12014138
  • Price $8,800,000
  • Property Size 25899 Square Feet
  • Year Built 1974
  • Property Type Quadruplex
  • Property Status Residential Income
  • Listing Agent Juan Garcia
  • Listing Office The Keyes Company

Schedule a Tour

Tour Type

Mortgage Calculator

Contact Information

View Listings
Miami City Realty
  • Miami City Realty

Enquire About This Property

The data relating to real estate for sale on this web site comes in part from the Miami Association of REALTORS® and the Broker Reciprocity Program. Real estate listings held by brokerage firms other than Miami City Realty are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. The information being provided is for consumers' 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. © 2025 Miami Association of REALTORS®. All rights reserved.

Compare listings

Compare