21 Total Photos [Click to View All]
2400 NW 16th St Rd
Listing Details
- $8,800,000
- MLS# A12018511
- Type Commercial - Business
- Status Active
Description
Current cap rate: 6.15%. 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... Read more
Gallery
View Slideshow
Contact the Agent
Disclaimer: 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. Information on this site was last updated 05/15/2026. The listing information on this page last changed on 05/15/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Fri 05/15/2026 12:02:35 PM EST) or Miami MLS (last updated Fri 05/15/2026 11:50:54 AM EST) or Stellar MLS (last updated Fri 05/15/2026 11:48:25 AM EST) or SPC MLS (last updated Fri 05/15/2026 11:56:36 AM EST) or Martin MLS (last updated Fri 05/15/2026 11:59:07 AM EST) or Indian River MLS (last updated Fri 05/15/2026 12:00:40 PM EST) or Northeast Florida MLS (last updated Fri 05/15/2026 11:50:02 AM EST) or Beaches MLS (last updated Fri 05/15/2026 10:47:44 AM EST) or Naples MLS (last updated Fri 05/15/2026 12:01:13 PM EST) or PBI MLS (last updated Fri 05/15/2026 12:01:29 PM EST) or Florida Keys MLS (last updated Fri 05/15/2026 8:31:24 AM EST). Real estate listings held by brokerage firms other than Illustrated Properties may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
Privacy Policy / DMCA Notice / ADA Accessibility
All Property Features
- Property Type: Commercial - Business
- Cooling: Central Air
- Crops Included Y/N: No
- Days on Site: 2
- Exterior: Concrete Block Construction, CBS Construction
- Flooring: Other
- Heating: Central
- Home Warranty Y/N: No
- Lease Considered Y/N: No
- Lot Size: 0.43 Acres
- Parcel#: 01-31-34-023-0010
- Property Attached Y/N: No
- Property Sub-Type: Income/MultiFamily
- Roof Type: Built-Up, Other
- Sewer: Public Sewer
- Stories: 4.0
- Taxes: $70,391
- Year Built: 1974