2400 16th St Rd ,Quadruplex, Kays Est for Sale

2400 16th St Rd for Sale

Price $8,800,000.00

• Lot size 25899
• Year Build 1974
• Waterfront
• Zip 33125
• Style
• Parking Description
• Pool Yes In Ground
• Status Active

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.

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

Corner Lot

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.

City:Miami,Roof:1:Other,Zoning:4600,List A O R:A-Miami Association of REALTORS,Stories:4,Tax Year:2025,Latitude:25.7888772,Cooling Y N:1,Heating Y N:1,List Price:8800000,Listing Id:A12014138,Longitude:-80.2357587,Mls Status:Active,Year Built:1974,Living Area:25899,Postal Code:33125,Street Name:16th St Rd,Coordinates:1:25.7888772,Photos Count:47,Building Name:KAYS EST,Listing Terms:1:Conventional,2:Owner Will Carry,Lot Size Units:Square Feet,M I A M I R E_ Area:31,M L S Area Major:Kays Est,On Market Date:2026-05-06,Parcel Number:01-31-34-023-0010,Parking Total:45,Property Type:Residential Income,Rent Includes:1:Gardener,2:Pest Control,3:Pool Maintenance,4:Sewer,5:Trash Collection,6:Water,Stories Total:4,Street Number:2400,M I A M I R E_ Style:Fourplex,Public Remarks: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.,Structure Type:1:Fourplex,County Or Parish:Miami-Dade County,Expiration Date:2027-05-05,List Office Name:The Keyes Company,M I A M I R E_ Pool Y N:1,Standard Status:Active,Window Features:1:Impact Glass,2:Verticals,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:1251,Property Sub Type:Quadruplex,State Or Province:FL,Street Dir Prefix:NW,Subdivision Name:KAYS EST,Tax Annual Amount:70391,Total Actual Rent:685080,Unparsed Address:2400 NW 16th St Rd, Miami FL 33125,Exterior Features:1:Open Balcony,Interior Features:1:Stairs,Listing Agreement:Exclusive Right To Sell,Year Built Details:Resale,Building Area Total:25899,Building Area Units:Square Feet,Leasable Area Units:Square Feet,M I A M I R E_ Flood Zone:AE,M I A M I R E_ L P Amt Sq Ft:339.7815,Original List Price:8800000,Public Survey Range:31,Attribution Contact:954-995-8360,Documents Available:1:Deposit - Security,2:Financial Statement,3:Copy Of Lease(S),4:Other Available Information,5:Rent Rolls,6:Service Contracts,7:Existing Survey,I D X Participation Y N:1,M I A M I R E_ N A R Rules Y N:1,Net Operating Income:541296,Number Of Units Total:27,Syndication Remarks: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.,Listing Contract Date:2026-05-06,Originating System I D:miamire,Public Survey Section:34,Showing Instructions:Appointment Only,Call Listing Agent,Street Number Numeric:2400,Tax Legal Description: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,M I A M I R E_ Current Price:8800000,Public Survey Township:31,Construction Materials:1:CBS Construction,M I A M I R E_ Municipal Code:1,Originating System Name:Miami Association of REALTORS®,Patio And Porch Features:1:Patio,M I A M I R E_ Adjusted Area S F:25899,M I A M I R E_ Internet Remarks:27-unit Little Havana multifamily. Strong income, 6.15% cap, long-term tenants, renewed leases, prime location near Brickell.,M I A M I R E_ Parcel Number M L X:0010,M I A M I R E_ Separate Meter Y N:1,M I A M I R E_ Showing Time Flag:1,M I A M I R E_ Street View Param:1$25.788842$-80.235772$224.50$13.33$1.00$h6TIh2Q577An0tZLop26nA,Contract Status Change Date:2026-05-06,Internet Address Display Y N:1,M I A M I R E_ Cable Available Y N:1,Number Of Units In Community:2,M I A M I R E_ Ok To Advertise List:With Written Broker Approval,M I A M I R E_ Subdivision Number:23,M I A M I R E_ Attribution Contact:954-995-8360,M I A M I R E_ Fill From Record_ M U I:422086616,M I A M I R E_ Agent Alternate Phone:954-995-8360,Internet Entire Listing Display Y N:1,M I A M I R E_ Address Internet Display:2400 NW 16th St Rd,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:339.78,