2400 NW 16th St Road, Miami, FL 33125

• 25,899 sqft

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.

Listing Status:

Active

Date Added:

May 6, 2026

Data Last Updated:

August 6, 2026 at 4:19AM

Listing Office:

The Keyes Company : 954-966-0631

Listing Agent:

Juan Garcia : 954-995-8360

MLS ID:

A12014138

Interior

• Laundry: Outside
• Flooring: LaminateOther
• A/C: Central Air
• Heating: CentralSeparate Meters

Exterior

• General: BalconyOutdoor Living Area
• Other Structures: BalconyPatioOpen
• Pool: In Ground
• Parking: Parking spaces: 45

Construction

• Roofing: Built-UpOther
• General: Block4

Location

• HOA Amenities: Elevator(s)
• Originating MLS: BEACH_MIAMI
• County: Miami-Dade

Lot

• Zoning: 4600KAYS EST RESUB PB 30-44 LOTS 1 THRU 3 & E10FT OF LOTS 7 & 8 F/A/U FOLIO 01 3134 85 HER-DOM CONDO0131340230010
• Fencing: Fenced

Utilities

• Utilities: Cable Available
• Sewer: Public Sewer

Financial

• Source: BEACH_MIAMI