2400 NW 16th St Rd, Miami, FL, 33125
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Property Details
45
27
Single Family
Description
Property Details: • Type: Single Family • Bedrooms: 45 • Bathrooms: 27 • Square Feet: 25899
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
Address
2400 NW 16th St Rd, Miami, FL, 33125
City
Miami
Features and Finishes
Year Built: 1974; [object Object]; [object Object]; [object Object]
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