Pamela Caruso - Preferred Properties Int'l Realty, Inc Logo
$8,200,000
 $44,019 est/mo Sourced by Back At You

2400 NW 16th St Road,Miami, FL 33125

Miami, FL 33125

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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.

Details

MLS #A12014138
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1974
Days On Site179
Listing Provided ByThe Keyes Company | Juan Garcia

Features

SQ Feet25,899
PoolYes
Story(s)4
Units2
Zoning4600

Exterior

Lot FeaturesCorner Lot

Taxes

Tax Annual Amount70391

Area Information

StateFL
CountyMiami Dade
CityMiami
Zip Code33125
Area2310
Community NameKAYS EST
Listing VS Median (in KAYS EST)
Price:
$8,200,000
low | high
Med:
$8,200,000
50% of Average
sqft:
25,899
low | high
Med:
25,899
50% of Average
$ / sqft:
$317
low | high
Med:
$317
50% of Average
On site:
179
low | high
Med:
179
100% of Average
Sourced by Back At You

Market Activity 33125

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Learn More About This Property

Pamela Caruso

Pamela A. Caruso

Preferred Properties Intl Realty Inc

SL555914 (954) 822-2600pamcaruso227@gmail.com
StateFL
CountyMiami Dade
CityMiami
Zip Code33125
Area2310
Community NameKAYS EST
Listing VS Median (in KAYS EST)
Price:
$8,200,000
low | high
Med:
$8,200,000
50% of Average
sqft:
25,899
low | high
Med:
25,899
50% of Average
$ / sqft:
$317
low | high
Med:
$317
50% of Average
On site:
179
low | high
Med:
179
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $6.15M - $10.25M
sqft: 19,000 - 32,000
Nearby Listings Property ImageNearby Listings Details
2400 NW 16th St Road Property Photo 1
$8,200,000
2400 Nw 16th St Road
Miami, FL 33125
Listing Updated: October 30, 2026 at 10:24:25 PM PDT

Pamela Caruso - Preferred Properties Int'l Realty, Inc