2400 NW 16th St Rd, Miami FL 33125
Basics
- Price per sqft: $316.61
- Category: Residential Income
- Type: Quadruplex
- Status: Active
- Floors: 4
- Area: 25899 sq ft
- Lot size: 0 sq ft
- Year built: 1974
- Year remodeled: Resale
- MLS ID: A12014138
Description
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Description:
Current cap rate: 7%. 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.
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Location
- Neighborhoods: KAYS EST
Building Details
- Floor covering: Other
- Exterior material: CBS Construction, Concrete Block Construction
- Roof: Built-up, Other
- Parking: 45
Amenities & Features
- Features: