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2400 NW 16Th Street Rd Miami, FL 33125

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For Sale
$9,000,000

27-unit multifamily property in Little Havana with income upside.

Building Details

Year built
1974

Source: The Keyes Company 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.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Miami
County
Miami-Dade
State
Florida
Longitude
-80.235774
Latitude
25.788842

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.
More about this property
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