Get Pre-Approved !
47
42 More
  • Type
  • Quadruplex
  • 25899 Square Feet
  • Area Size
Residential Income Active
2400 NW 16th St Rd, Miami FL 33125 | Miami-Dade County | A12014138
  • $8,800,000

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.

Address

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

Details

Updated on May 7, 2026 at 3:14 am
  • Property ID A12014138
  • Price $8,800,000
  • 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 2026-05-06
  • Cooling Central Air
  • DaysOnMarket 0
  • DocumentsAvailable Deposit - Last Months Rent, Deposit - Security, Financial Statement, Copy Of Lease(S), Other Available Information, Rent Rolls, Service Contracts, Existing Survey
  • ExpirationDate 2027-05-05
  • 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 May 6, 2026 at 04:08pm
  • MajorChangeType New
  • MlsStatus Active
  • ModificationTimestamp May 6, 2026 at 09:00pm
  • NetOperatingIncome 541296
  • NumberOfUnitsInCommunity 2
  • NumberOfUnitsTotal 27
  • OnMarketDate 2026-05-06
  • OriginalEntryTimestamp May 6, 2026 at 04:08pm
  • OriginalListPrice 8800000
  • OriginatingSystemID miamire
  • OriginatingSystemKey miamire
  • OriginatingSystemName Miami Association of REALTORS®
  • OtherExpense 0
  • ParcelNumber 01-31-34-023-0010
  • ParkingTotal 45
  • PatioAndPorchFeatures Open Balcony, Patio
  • PhotosChangeTimestamp May 6, 2026 at 04:18pm
  • PhotosCount 47
  • PoolFeatures In Ground
  • Possession Funding
  • PostalCode 33125
  • PostalCodePlus4 1251
  • PriceChangeTimestamp May 6, 2026 at 04:08pm
  • 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 462564019
  • StateOrProvince FL
  • StatusChangeTimestamp May 6, 2026 at 04:08pm
  • Stories 4
  • StoriesTotal 4
  • StreetDirPrefix NW
  • StreetName 16th St Rd
  • StreetNumber 2400
  • StreetNumberNumeric 2400
  • StructureType Quadruplex, Fourplex
  • SyndicationRemarks 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.
  • 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 2025
  • TotalActualRent 685080
  • WindowFeatures High Impact Windows, Impact Glass, Verticals
  • YearBuiltDetails Resale
  • Zoning 4600

Mortgage Calculator

Schedule a Tour

Tour Type

Contact Information

View Listings
Christopher Lazaro

Enquire About This Property

0 Review

Sort by:
Leave a Review

Leave a Review

Compare listings

Compare