2400 16th St Rd , for Sale & Rent

2400 16th St Rd for Sale & Rent

Price $8,800,000.00

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

Description

Current cap rate: 6.25%. 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

Current cap rate: 6.25%. 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,Latitude:25.7888772,Cooling Y N:1,Heating Y N:1,Lease Term:Annual Lease,List Price:8800000,Listing Id:A12018511,Longitude:-80.2357587,Mls Status:Active,Year Built:1974,Inclusions:Equipment,Furniture/Fixtures,Leases,Machinery,Postal Code:33125,Street Name:16th St Rd,Tenant Pays:1:Electricity,2:Interior Maintenance,Coordinates:1:25.7888772,Photos Count:46,Business Type:1:Residential-Multi-Family,Days On Market:24,Lot Size Units:Square Feet,M I A M I R E_ Area:31,On Market Date:2026-05-13,Parcel Number:01-31-34-023-0010,Parking Total:45,Property Type:Commercial Sale,Stories Total:4,Street Number:2400,Public Remarks:Current cap rate: 6.25%. 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.,County Or Parish:Miami-Dade County,Expiration Date:2027-05-12,List Office Name:The Keyes Company,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:1251,Property Sub Type:Income/MultiFamily,State Or Province:FL,Street Dir Prefix:NW,Tax Annual Amount:70391,Unparsed Address:2400 NW 16th St Rd, Miami FL 33125,Building Features:1:Balconies,2:City Licenses,3:Elevator,4:Kitchen Facilities,5:Laundry Facilities,6:Pool,Listing Agreement:Exclusive Right To Sell,Year Built Details:Resale,Building Area Total:25899,Building Area Units:Square Feet,Leasable Area Units:Square Feet,Lease Considered Y N:1,Lot Size Square Feet:18731,M I A M I R E_ Flood Zone:AE,Original List Price:8800000,Public Survey Range:31,Attribution Contact:954-995-8360,Documents Available:1:Financial Statement,2:Copy Of Lease(S),3:Other Available Information,4:Rent Rolls,5:Existing Survey,6:Tax Return,I D X Participation Y N:1,M I A M I R E_ N A R Rules Y N:1,Syndication Remarks:Current cap rate: 6.25%. 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:2026-05-13,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®,M I A M I R E_ Internet Remarks:27-unit Little Havana multifamily. Strong income, 6.25% 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_ 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:2026-05-13,Internet Address Display Y N:1,Number Of Units In Community:27,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_ Deposit Information:1:Last Month Rent,2:Security Deposit,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,