Exceptional 27-unit multifamily in the heart of Little Havana. Strong and stable income with great upside through rent adjustments. All units are currently under contract, with the majority recently renewed for 12-month terms in April, providing immediate income stability. Units rent quickly with minimal annual turnover, and most tenants are long-term residents. Features include central A/C, new elevator, pool, laundry with new machines, hurricane-impact windows, and ample parking. Excellent location just minutes from Brickell, Downtown, and Coral Gables. Current cap rate of approximately 7.04%. All figures are approximate and deemed reliable.
Property Details
Price:
$9,000,000
MLS #:
A11899193
Status:
Active
Beds:
0
Baths:
0
Type:
Multi Family
Subtype:
Quadruplex
Subdivision:
KAYS EST
Neighborhood:
kaysest
Listed Date:
Oct 20, 2025
Finished Sq Ft:
25,899
Total Sq Ft:
25,899
Year Built:
1974
Units:
27
See this Listing
Schools
Interior
Cooling
Central Air
Flooring
Other
Heating
Central
Interior Features
Elevator, Stairs
Exterior
Building Features
Laundry Facility
Construction Materials
Concrete Block Construction, CBS Construction
Exterior Features
Balcony, Open Balcony
Fencing
Fenced
Lot Features
Corner Lot
Parking Spots
45
Parking Total
45
Patio And Porch Features
Open Balcony, Patio
Roof
Built-Up, Other
Stories
4
Window Features
High Impact Windows, Impact Glass, Verticals
Financial
Tax Year
2024
Taxes
$70,391
Map
Community
- Address2400 NW 16th St Rd Miami FL
- SubdivisionKAYS EST
- CityMiami
- CountyMiami-Dade County
- Zip Code33125
Market Summary
Current real estate data for Multi Family in Miami as of Apr 22, 2026
505
Multi Family Listed
147
Avg DOM
475
Avg $ / SqFt
$1,135,853
Avg List Price
Property Summary
- Located in the KAYS EST subdivision, 2400 NW 16th St Rd Miami FL is a Multi Family for sale in Miami, FL, 33125. It is listed for $9,000,000
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