2400 NW 16th St Rd Miami, FL 33125

Building Details

Year Built

1974

Listing office e***@gmail.com Show Phone

Listing date May 16, 2026

Source Elliman

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Investment Insights

Based on property information with market context.

This 27-unit multifamily property is located in Little Havana. The property offers income potential through rent adjustments or renovations. All units are currently under contract, with most leases recently renewed through May 2027. The property features central A/C, a new elevator, a swimming pool, laundry facilities with new machines, impact windows and doors, and ample parking. It is located minutes from Brickell, Downtown Miami, and Coral Gables. The property has a bike score of 61, making it bikeable, a walk score of 83, indicating it is very walkable, and a transit score of 60, suggesting good transit options.

Key Highlights

• Strong, stable income with 6.15% cap rate and upside potential.
• All units currently under contract with most leases renewed through May 2027, ensuring immediate income stability.
• Prime location in Little Havana, minutes from Brickell, Downtown Miami, and Coral Gables.

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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 St Rd Miami, FL.

What is the asking price?

The asking price for this property is $8,800,000.

What are key features of this property?

This property features: Strong, stable income with **6.15% cap rate** and upside potential.; All units currently under contract with most leases renewed through May 2027, ensuring immediate income stability.; Prime location in Little Havana, minutes from Brickell, Downtown Miami, and Coral Gables.