Address
2400 Nw 16th St Rd, Miami, FL
Price
$ 8,200,000
Property Attributes
- MLS#A12014138
- TypeSingle Family
- Listing Status Active
- CountyMiami-Dade
- CityMiami
- Area31
- NeighborhoodKAYS EST
- Zip33125
- Style
- Year Built1974
- Taxes$ 70391
- Price$ 8,200,000
- Bedrooms2
- Full Bathrooms1
- Half Bathrooms0
- Sqr Footage25899
Data Source:
Southeast Florida MLS (SEFMLS)
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.
| Price History | |
|---|---|
| 5/6/2026 | Listed $8,800,000 |
| 7/18/2026 | 7$8,200,000 |
General Features
| Sewer | PublicSewer |
|---|---|
| Heating | Central |
| Cooling | CentralAir |
| Utilities | CableAvailable |
| Possession | ClosingAndFunding,CloseOfEscrow |
| Roof | BuiltUp,Other |
| Patio/Porch Features | Balcony,Open,Patio |
| Architectural Style | Fourplex |
| Pool Features | InGround,Pool |
| Construction Materials | Block |
| Year Built | 1974 |
| Stories Count | 4 |
| Property Subtype | Quadruplex |
| Tax Year | 2025 |
| Community Features | LaundryFacilities |
| County | Miami-Dade |
| Net Operating Income | 573769 |
| Property Type | ResidentialIncome |
| Subdivision Name | KAYS EST |
| Rent Includes | Gardener,HotWater,PestControl,Pool,Sewer,TrashCollection,Water |
| Full Baths | 1 |
| Status | Active |
| City | Miami |
| Zoning Description | 4600 |
| Number Of Units Total | 18 |
| MLS Area | 31 |
| Lot Size Units | SquareFeet |
| Listing Terms | Cash,Conventional,OwnerMayCarry,Other |
| Year Built Details | Resale |
| Tax Annual Amount | 70391 |
| Virtual Tour | https://www.propertypanorama.com/instaview/mia/A12014138 |
| Standard Status | Active |
| Occupancy Type | CallAgent |
| Total Actual Rent | 695952 |
| Property Sub Type Additional | Quadruplex |
| PostalCity | Miami |
| Legal Description | 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 |
| AttributionContact | 954-995-8360 |
Interior Features
| Flooring | Laminate,Other |
|---|---|
| Air Conditioning Y/N | true |
| Heating Y/N | true |
| Window Features | ImpactGlass |
| Total Bedrooms | 2 |
Exterior Features
| Exterior Amenities | Balcony,Fence,Patio |
|---|---|
| Lot Features | CornerLot |
| Total Parking | 45 |
| Building Area Total | 25899 |
| Waterfront Y/N | false |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 33125
Price
Taxes
Year Built
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Updated on September 20, 2026 3:17 AM UTC
Copyright Southeast Florida Multiple Listing Service © 2026. Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited, is a violation of the terms of use, and may violate federal and state law.
Data Last Updated: September 20, 2026 3:47 AM UTC
© 2026 Florida Gulf Coast MLS (FGCMLS) Information deemed reliable, but not guaranteed. The IDX data relating to real estate for sale on this web site comes in part from the Florida Gulf Coast Multiple Listing Service. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
