2400 NW 16Th Street Rd Miami, FL 33125
27-unit multifamily property in Little Havana with income upside.
Building Details
- Year built
- 1974
Source:
Elliman
Listing Agent: Juan Garcia
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Little Havana Multifamily Investment Opportunity
This 27-unit multifamily property is located in the Little Havana neighborhood. The property offers a stable income stream with potential for increased revenue through rent adjustments. Many of the tenants are long-term residents, with a significant portion currently on month-to-month leases, which allows for flexibility in renovating or repositioning the units. The property features central A/C, a new elevator, a pool, and laundry facilities equipped with new machines. Hurricane-impact windows are installed throughout the building. Ample parking is available for residents. The property is located minutes from Brickell, Downtown, and Coral Gables. The process of increasing rents and maximizing income has begun.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.235774
- Latitude
- 25.788842
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FAQs
What type of property is this?
Apartment building - 27-unit multifamily property in Little Havana with income upside.
Where is this apartment building located?
The property is located at 2400 NW 16Th Street Rd Miami, FL.
What is the asking price?
The asking price for this property is $9,000,000.
What are key features of this property?
This property features: - Strong and stable income with potential for increased revenue through rent adjustments.; - Prime location in Little Havana, minutes from Brickell, Downtown, and Coral Gables.; - Low tenant turnover and high demand for units.