ValmaMaxwell
BEDS0
BATHS
SQUARE FEET25,899
MLS#A12014138
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONKAYS EST
Property 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.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air
Fenced: Yes
Heating: Central
Roof Type: Built-Up, Other
Stories: 4.0
Taxes: $70,391
Year Built: 1974
Amenities
Elevator
Stairs
Balcony
Open Balcony
Feature Descriptions
Building Features: Laundry Facility
Crops Included Y/N: No
Days on Site: 139
Exterior: Concrete Block Construction, CBS Construction
Fencing: Fenced
Flooring: Other
Home Warranty Y/N: No
Lease Considered Y/N: No
Listing Terms: All Cash, Conventional, Owner Will Carry
Lot: Corner Lot
Parcel#: 01-31-34-023-0010
Patio/Porch: Open Balcony, Patio
Pool: In Ground
Property Attached Y/N: No
Property Sub-Type: Quadruplex
Sewer: Public Sewer
Units: 27
Window: High Impact Windows, Impact Glass, Verticals
Listed By / Shown By
Listed By
Agency Name: The Keyes Company
Agency Phone: 954-966-0631
Shown By
Agent Name: Valma Maxwell
Agent Phone:
Agency Title: Realty 100
Estimate Your Payment
Estimated Payment
$ 26,507.23 per month $18,249.65 Principal & Interest $5,865.92 Property Tax $2,391.67 Homeowner's InsuranceChange Payment Information
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2400 NW 16th St Rd | MLS# A12014138
This multi-family property located at 2400 NW 16th St Rd, Miami, FL 33125 is currently listed for sale with an asking price of $8,200,000. Search Miami real estate on vnmaxell.realty100.com today.