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

2400 16th St Rd for Sale

Price $9,000,000.00

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

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.

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

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.

City:Miami,Roof:1:Other,Zoning:4600,List A O R:A-Miami Association of REALTORS,Stories:4,Tax Year:2024,Latitude:25.7888772,Cooling Y N:1,Heating Y N:1,List Price:9000000,Listing Id:A11899193,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:52,Building Name:KAYS EST,Days On Market:169,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:2025-10-20,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: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.,Structure Type:1:Fourplex,County Or Parish:Miami-Dade County,Expiration Date:2026-10-20,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:708768,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:347.5038,Original List Price:9000000,Public Survey Range:31,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:633840,Number Of Units Total:27,Syndication Remarks: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.,Listing Contract Date:2025-10-20,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:9000000,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:Prime 27-unit multifamily in Miami, Little Havana with strong cash flow, long-term tenants, great upside, and excellent location.,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:2025-10-20,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_ 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:347.5,