2400 NW 16th St Rd, Miami FL 33125
- $8,200,000
2400 NW 16th St Rd, Miami FL 33125
- $8,200,000
Overview
Property ID: A12014138
- Quadruplex
- 25899 Square Feet
- 1974
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.
Address
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Address: 16th St Rd
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State/county: Miami-Dade County
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Zip/Postal Code: 33125
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Area: 0, B, Hialeah 16th Addn, KAYS EST, Miami
Details
Updated on August 22, 2026 at 3:28 am-
Property ID A12014138
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Price $8,200,000
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Property Size 25899 Square Feet
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Year Built 1974
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Property Type Quadruplex
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Property Status Active, Residential Income
Additional details
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BuildingAreaTotal 25899
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BuildingAreaUnits Square Feet
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BuildingFeatures Laundry Facility
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BuildingName KAYS EST
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ConstructionMaterials Concrete Block Construction, CBS Construction
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ContractStatusChangeDate 2026-05-06
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Cooling Central Air
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DaysOnMarket 73
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DocumentsAvailable Deposit - Last Months Rent, Deposit - Security, Financial Statement, Copy Of Lease(S), Other Available Information, Rent Rolls, Service Contracts, Existing Survey
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ExpirationDate 2027-05-05
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Fencing Fenced
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Flooring Other
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Heating Central
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InternetAddressDisplayYN 1
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InternetEntireListingDisplayYN 1
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ListAOR A-Miami Association of REALTORS
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ListAgentDirectPhone 954-995-8360
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ListAgentEmail estebangsrealtor@gmail.com
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ListAgentFullName Juan Garcia
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ListAgentKey fae4eec4e1fa9a5b2ac5bbed92ab58f8
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ListAgentMlsId 3580075
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ListAgentOfficePhone 954-966-0631
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ListAgentStateLicense 3580075
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ListOfficeFax 954-964-8352
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ListOfficeKey b1dd2c4f12fcd51dc5bcd44ab9bd088f
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ListOfficeMlsId KEYE33
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ListOfficeName The Keyes Company
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ListOfficePhone 954-966-0631
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ListingAgreement Exclusive Right To Sell
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ListingContractDate 2026-05-06
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ListingKey 83f6dfe32310f62f1a5a0883caeb1c8a
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ListingTerms All Cash, Conventional, Owner Will Carry
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LotFeatures Corner Lot
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LotSizeSquareFeet 0
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MajorChangeTimestamp July 18, 2026 at 08:54pm
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MajorChangeType Price Decrease
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MlsStatus Active
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ModificationTimestamp July 18, 2026 at 08:58pm
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NetOperatingIncome 573769
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NumberOfUnitsInCommunity 2
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NumberOfUnitsTotal 27
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OnMarketDate 2026-05-06
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OriginalEntryTimestamp May 6, 2026 at 04:08pm
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OriginalListPrice 8800000
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OriginatingSystemID miamire
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OriginatingSystemKey miamire
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OriginatingSystemName Miami Association of REALTORS®
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OtherExpense 0
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ParcelNumber 01-31-34-023-0010
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ParkingTotal 45
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PatioAndPorchFeatures Open Balcony, Patio
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PhotosChangeTimestamp May 6, 2026 at 04:18pm
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PhotosCount 47
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PoolFeatures In Ground
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Possession Funding
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PostalCode 33125
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PostalCodePlus4 1251
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PreviousListPrice 8800000
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PriceChangeTimestamp July 18, 2026 at 08:54pm
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PropertyCondition Substantially Remodeled
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PublicSurveyRange 31
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PublicSurveySection 34
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PublicSurveyTownship 31
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RentIncludes Hot Water, Gardener, Pest Control, Pool Maintenance, Sewer, Trash Collection, Water
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Roof Built-Up, Other
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Sewer Public Sewer
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ShowingContactType Agent
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ShowingInstructions Appointment Only, Call Listing Agent
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SourceSystemKey 462564019
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StateOrProvince FL
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StatusChangeTimestamp May 6, 2026 at 04:08pm
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Stories 4
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StoriesTotal 4
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StreetDirPrefix NW
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StreetName 16th St Rd
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StreetNumber 2400
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StreetNumberNumeric 2400
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StructureType Quadruplex, Fourplex
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SyndicationRemarks 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.
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TaxAnnualAmount 70391
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TaxLegalDescription KAYS EST RESUB PB 30-44 LOTS 1 THRU 3 & E10FT OF LOTS 7 & 8 F/A/U FOLIO 01 3134 85 HER-DOM CONDO
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TaxYear 2025
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TotalActualRent 695952
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WindowFeatures High Impact Windows, Impact Glass, Verticals
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YearBuiltDetails Resale
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Zoning 4600
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