2400 NW 16th St Road, Miami, FL 33125

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List Price
$8,200,000
Status
ACTIVE
Days on Market
177
Price Change
▼ $600,000 1784430163
MLS#
A12018511
Subtype
Commercial Sale
Year Built
1974
Acres
0.43
MLS Area Major
2310

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.

Additional Information

Amenities
Laundry Facilities, Pool
Exterior Features
Balcony
Taxes
$70,391
Zoning
4600
Flooring
Laminate, Other
Heating
Central, Individual
Air Conditioning
Central Air
Exterior Construction
CBS (Concrete Block Structure), Block
Roof
Built-Up, Other

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Listing courtesy of The Keyes Company. Contact:

All listings featuring the BMLS logo are provided by Beaches MLS Inc. Copyright 2026 Beaches MLS. This information is not verified for authenticity or accuracy and is not guaranteed. © 2026 Beaches Multiple Listing Service, Inc. All rights reserved.


Agent: Juan Garcia | Email: estebangsrealtor@gmail.com