2400 NW 16th St Road For Sale
Property Details
| Asking Price | $8,200,000 |
|---|---|
| Price per SqFt | $317 |
| Property Taxes | $70,391 2025 |
| Interior Space | 25,899 SqFt |
| Beds/Baths | —/— |
| Year Built | 1974 |
| Pool | Yes |
| MLS # | A12014138 |
Location
From the listing
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.
Listed by The Keyes Company
What It Costs to Own
Monthly, before a mortgage and insurance
Taxes $70,391 for 2025. MLS figures, which may not be accurate.
Sales History for This Home · 2400 NW 16th St Road, Miami, FL 33125
Sales history is unavailable for this property
Listed by The Keyes Company. Mark Zilbert of ONE Sotheby's International Realty is a cooperating (transaction) broker and helps buyers find properties in Miami and throughout South Florida.
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2400 NW 16th St Road, Miami · MLS A12014138 · $8,200,000
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The curated data and calculated data for this property and its surrounding condo units and homes is based solely on data we have extracted from the MLS. There may be unpublished, private, quit claim and other property offerings and transfers that do not appear here, which may affect how a buyer or seller perceives property values. Always conduct proper due diligence when considering buying or selling property.