2400 NW 16th St Rd, Miami FL 33125
$9,000,000
$347.50/Sq Ft
- N/A Beds
- N/A Baths
- N/A Parking
- 25899 ft²
Description
Exceptional 27-unit multifamily in the heart of Little Havana. Strong and stable income with great upside through rent adjustments. All units are currently under contract, with the majority recently renewed for 12-month terms in April, providing immediate income stability. Units rent quickly with minimal annual turnover, and most tenants are long-term residents. Features include central A/C, new elevator, pool, laundry with new machines, hurricane-impact windows, and ample parking. Excellent location just minutes from Brickell, Downtown, and Coral Gables. Current cap rate of approximately 7.04%. All figures are approximate and deemed reliable.
Marvel Avellanet
Real Estate Broker
Estimate Payments
Technical Summary
| Price | $9,000,000 |
|---|---|
| Beds | N/A |
| Baths | N/A |
| Area | 25899 ft² |