2400 NW 16th St Road, Miami, FL 33125 (MLS# A12014138)

2400 NW 16th St Road, Miami, FL 33125

$8,200,000

Virtual Tour

https://www.propertypanorama.com/instaview/mia/A12014138

Property Type: Residential Income Square Footage: 25,899 Status: Active

Current Price: $8,200,000 List Date: 5/06/2026 Last Modified: 7/18/2026

Overview

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.

Listing Details MLS# A12014138

General Property Information

Number Of Units Total: 2
Property Sub Type: Quadruplex
Building Area Main: 25899
Living Area Main: 25899
Adjusted Area Main: 25899
Year Built: 1974
Parking Total: 45
Outdoor Living Spaces YN: Yes
Stories Total: 4
Pool Private YN: Yes

Property Features

Association Amenities: Elevator(s) Documents Available: Copy Of Lease(s); Deposit - Last Months Rent; Deposit - Security; Existing Survey; Financial Statement; Other Available Information; Rent Rolls; Service Contracts Fencing: Fenced Flooring: Laminate; Other Property Condition: Resale; Updated/Remodeled Structure Type: Multi Family Construction Materials: Block; CBS Cooling: Central Air Heating: Central; Separate Meters Laundry Features: Outside Listing Terms: Cash; Conventional; Owner Will Carry; Other Lot Features: Corner Lot Pool Features: In Ground Possession: Close Of Escrow; Negotiable Roof: Built-Up; Other Sewer: Public Sewer Tax Information: Tax Reflects No Exemptions Utilities: Cable Available Showing Requirements: Appointment Only; Call Listing Agent Outdoor Living Spaces: Balcony; Patio Balcony Details: Balcony - Open Unit 1 Appliances: Dishwasher; Range; Refrigerator Unit 1 Other Equipment: Air Conditioning Unit; Fire Sprinklers Unit 1 Parking Features: Open Parking Unit 2 Appliances: Dishwasher; Range; Refrigerator Unit 2 Other Equipment: Air Conditioning Unit; Fire Sprinklers Unit 2 Parking Features: Open Parking

Contract Information

Comp Sale YN: No
Original List Price: 8800000

Location and Legal

Country: United States
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
Street Number: 2400
Street Direction Prefix: NW
Street Name: 16th St
Street Suffix: Road
City Name: Miami
Municipal Code: Yes
State Or Province: FL
Postal Code: 33125
Postal Code +4: 1251
Postal Zip: 33125
Subdivision Name: KAYS EST
Area: 2310
Elementary School: Comstock
Middle Or Junior School: Citrus Grove
High School: Miami Jackson
Special Assessment YN: No
Parcel Number: 0131340230010
Subdivision Number: 23
Zoning: 4600
Flood Zone: AE

Financial Information

Tax Annual Amount: 70391
Tax Year: 2025
Tax 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
Estimated Monthly Assoc Recurring Fee: 0

Status Change Information

Major Change Timestamp: 2026-07-18T21:54:21Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-07-18T21:54:21Z
Status Change Date: 2026-05-06

More Information

Income and Expenses

Gross Income: 695952
Net Operating Income: 573769

Unit 1 Details

Actual Rent: 2200
Baths Full: Yes
Efficiency YN: No
Furnished: Unfurnished

Unit 1 Lease Description

Currently Leased YN: Yes

Unit 2 Details

Actual Rent: 1850
Baths Full: Yes
Efficiency YN: No
Furnished: Unfurnished

Unit 2 Lease Description

Currently Leased YN: Yes

Price Calculations

Current Price To SqFt: 316.61

Section Details

Parcel Number MLX: 0010

Originating Details

Originating System Key: 462564019
Originating System ID: M00000151

Office/Member Information

DXORIGMLSID: SEF

Association Amenities

Elevator(s): Yes

Flooring

Laminate: Yes
Other: Yes

Property Condition

Resale: Yes
Updated/Remodeled: Yes

Documents Available

Copy Of Lease(s): Yes
Deposit - Last Months Rent: Yes
Deposit - Security: Yes
Existing Survey: Yes
Financial Statement: Yes
Other Available Information: Yes
Rent Rolls: Yes
Service Contracts: Yes

Fencing

Fenced: Yes

Structure Type

Multi Family: Yes

Possession

Close Of Escrow: Yes
Negotiable: Yes

Sewer

Public Sewer: Yes

Utilities

Cable Available: Yes

Heating

Central: Yes
Separate Meters: Yes

Construction Materials

Block: Yes
CBS: Yes

Laundry Features

Outside: Yes

Listing Terms

Cash: Yes
Conventional: Yes
Owner Will Carry: Yes
Other: Yes

Lot Features

Corner Lot: Yes

Pool Features

In Ground: Yes

Roof

Built-Up: Yes
Other: Yes

Cooling

Central Air: Yes

Showing Requirements

Appointment Only: Yes
Call Listing Agent: Yes

Tax Information

Tax Reflects No Exemptions: Yes

Outdoor Living Spaces

Balcony: Yes
Patio: Yes

Balcony Details

Balcony - Open: Yes

Unit 1 Appliances

Dishwasher: Yes
Range: Yes
Refrigerator: Yes

Unit 1 Other Equipment

Air Conditioning Unit: Yes
Fire Sprinklers: Yes

Unit 1 Parking Features

Open Parking: Yes

Unit 2 Appliances

Dishwasher: Yes
Range: Yes
Refrigerator: Yes

Unit 2 Other Equipment

Air Conditioning Unit: Yes
Fire Sprinklers: Yes

Unit 2 Parking Features

Open Parking: Yes

Listing Office: The Keyes Company

Last Updated: July - 18 - 2026

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