2400 NW 16th St Rd, Miami, FL 33125
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2400 NW 16th St Rd, Miami, FL 33125
2400 NW 16th St Rd, Miami, FL 33125
2400 NW 16th St Rd, Miami, FL 33125
2400 NW 16th St Rd, Miami, FL 33125
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Sylvio Martini

Sylvio Martini

+1(305) 876-4420
$ 8,800,000
Est. payment /mo
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2400 NW 16th St Rd Miami, FL 33125

25,899 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 25,899 sqft

Price per Sqft $339

Subdivision Kays Est

MLS Listing ID A12014138

Style Fourplex

HOA Y/N No

Year Built 1974

Annual Tax Amount $70,391

Tax Year 2025

Property Sub-Type Quadruplex

Property 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.

Location

State FL

County Miami-dade

Community Kays Est

Area 31

Interior

Heating Central

Cooling Central Air

Flooring Laminate, Other

Window Features Impact Glass

Exterior

Exterior Feature Balcony, Fence, Patio

Pool In Ground, Pool

Community Features Laundry Facilities

Utilities Available Cable Available

Roof Type Built-Up,Other

Porch Balcony, Open, Patio

Total Parking Spaces 45

Private Pool Yes

Building

Lot Description Corner Lot

Story 4

Sewer Public Sewer

Architectural Style Fourplex

Structure Type Block

Others

Tax ID 01-31-34-023-0010

Acceptable Financing Cash, Conventional, Owner May Carry, Other

Listing Terms Cash, Conventional, Owner May Carry, Other

Virtual Tour https://www.propertypanorama.com/instaview/mia/A12014138

Miami Association of Realtors (SEFMIAMI MLS)
Listed by The Keyes Company

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Sylvio Martini
Sylvio Martini

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+1(305) 876-4420 | martini@miamirealtysolution.com

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2400 NW 16th St Rd