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Residential Income
$8,800,000
2400 NW 16th St Rd Miami, FL

A12014138

524 of 526 for Sale
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an agent
  • Listed On:

    May 6, 2026
  • Days on Market:

    21
  • Year:

    1974
  • Taxes:

    $70,391 per year
  • Floor Description:

    Other
  • Occupancy:

  • Zoning:

  • Parking:

2400 NW 16th St Rd Miami, FL 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.

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For Sale Details

  • Floor Description

    Other

  • Heating Description

    Central

  • Net Operating Income

    541296

  • Photo Count

    47

  • Property Type

    Residential Income

  • Terms Considered

    All Cash, Conventional, Owner Will Carry

  • Year Built

    1974

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