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  • Type
  • Quadruplex
  • 25899 Square Feet
  • Area Size
Residential Income Active
2400 NW 16th St Rd, Miami FL 33125 | Miami-Dade County | A11899193
  • $9,000,000

Description

Exceptional 27-unit multifamily in the heart of Little Havana. Strong and stable income with great upside through rent adjustments. All units are currently under contract, with the majority recently renewed for 12-month terms in April, providing immediate income stability. Units rent quickly with minimal annual turnover, and most tenants are long-term residents. Features include central A/C, new elevator, pool, laundry with new machines, hurricane-impact windows, and ample parking. Excellent location just minutes from Brickell, Downtown, and Coral Gables. Current cap rate of approximately 7.04%. All figures are approximate and deemed reliable.

Address

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  • Address: 16th St Rd
  • City: Miami
  • State/county: Miami-Dade County
  • Zip/Postal Code: 33125
  • Area: KAYS EST

Details

Updated on April 8, 2026 at 3:56 am
  • Property ID A11899193
  • Price $9,000,000
  • Property Size 25899 Square Feet
  • Year Built 1974
  • Type Quadruplex
  • Property Status Residential Income

Additional details

  • BuildingAreaTotal 25899
  • BuildingAreaUnits Square Feet
  • BuildingFeatures Laundry Facility
  • BuildingName KAYS EST
  • ConstructionMaterials Concrete Block Construction, CBS Construction
  • ContractStatusChangeDate 2025-10-20
  • Cooling Central Air
  • DaysOnMarket 169
  • DocumentsAvailable Deposit - Last Months Rent, Deposit - Security, Financial Statement, Copy Of Lease(S), Other Available Information, Rent Rolls, Service Contracts, Existing Survey
  • ExpirationDate 2026-10-20
  • Fencing Fenced
  • Flooring Other
  • Heating Central
  • InternetAddressDisplayYN 1
  • InternetEntireListingDisplayYN 1
  • ListAOR A-Miami Association of REALTORS
  • ListAgentDirectPhone 954-995-8360
  • ListingTerms All Cash, Conventional, Owner Will Carry
  • LotFeatures Corner Lot
  • LotSizeSquareFeet 0
  • MLSAreaMajor Kays Est
  • MajorChangeTimestamp October 20, 2025 at 06:48pm
  • MajorChangeType New
  • MlsStatus Active
  • ModificationTimestamp April 7, 2026 at 04:05pm
  • NetOperatingIncome 633840
  • NumberOfUnitsInCommunity 2
  • NumberOfUnitsTotal 27
  • OnMarketDate 2025-10-20
  • OriginalEntryTimestamp October 20, 2025 at 06:48pm
  • OriginalListPrice 9000000
  • OriginatingSystemID miamire
  • OriginatingSystemKey miamire
  • OriginatingSystemName Miami Association of REALTORS®
  • OtherExpense 0
  • ParcelNumber 01-31-34-023-0010
  • ParkingTotal 45
  • PatioAndPorchFeatures Open Balcony, Patio
  • PhotosChangeTimestamp October 20, 2025 at 06:52pm
  • PhotosCount 52
  • PoolFeatures In Ground
  • Possession Funding
  • PostalCodePlus4 1251
  • PriceChangeTimestamp October 20, 2025 at 04:46pm
  • PropertyCondition Substantially Remodeled
  • PublicSurveyRange 31
  • PublicSurveySection 34
  • PublicSurveyTownship 31
  • RentIncludes Hot Water, Gardener, Pest Control, Pool Maintenance, Sewer, Trash Collection, Water
  • Roof Built-Up, Other
  • Sewer Public Sewer
  • ShowingContactType Agent
  • ShowingInstructions Appointment Only, Call Listing Agent
  • SourceSystemKey 422086616
  • StateOrProvince FL
  • StatusChangeTimestamp October 20, 2025 at 06:48pm
  • Stories 4
  • StoriesTotal 4
  • StreetDirPrefix NW
  • StreetName 16th St Rd
  • StreetNumber 2400
  • StreetNumberNumeric 2400
  • StructureType Quadruplex, Fourplex
  • SyndicationRemarks Exceptional 27-unit multifamily in the heart of Little Havana. Strong and stable income with great upside through rent adjustments. All units are currently under contract, with the majority recently renewed for 12-month terms in April, providing immediate income stability. Units rent quickly with minimal annual turnover, and most tenants are long-term residents. Features include central A/C, new elevator, pool, laundry with new machines, hurricane-impact windows, and ample parking. Excellent location just minutes from Brickell, Downtown, and Coral Gables. Current cap rate of approximately 7.04%. All figures are approximate and deemed reliable.
  • TaxAnnualAmount 70391
  • TaxLegalDescription 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
  • TaxYear 2024
  • TotalActualRent 708768
  • WindowFeatures High Impact Windows, Impact Glass, Verticals
  • YearBuiltDetails Resale
  • Zoning 4600

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Christopher Lazaro

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