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Pinnacle Real Estate Group – FL

2400 NW 16th St Road, Miami, FL 33125 (MLS# A12018511)

2400 NW 16th St Road, Miami, FL 33125

$8,200,000
Property Type: Commercial Sale Square Footage: 25,899 Status: Active
Current Price: $8,200,000 List Date: 5/13/2026 Last Modified: 8/07/2026

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# A12018511

General Property Information

Property Sub Type
Multi Family
Number Of Units Total
2
Occupant Type
Call Listing Agent
Building Area Main
25899
Year Built
1974
Parking Total
45
Lot Size Area
18731
Lot Size Acres
0.43

Property Features

Building Features: Balconies; Elevator(s); Kitchen Facilities; Laundry Facilities; Pool Documents Available: Contracts; Copy Of Lease(s); Existing Survey; Financial Statement; Other Available Information; Rent Rolls; Tax Return Flooring: Laminate; Other Heating: Central Individual Location of Property: Near Airport Possession: Close Of Escrow; Negotiable Property Condition: Resale Sale Includes: Furniture; Leases; Machinery Special Licenses: City License Tenant Pays: Electricity; HVAC Maintenance; Interior Electric; Interior Maintenance; Maintenance Construction Materials: Block; CBS Cooling: Central Individual Roof: Built-Up; Other Showing Requirements: Appointment Only; Call Listing Agent

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
Area
2310
Parcel Number
0131340230010
Subdivision Number
23
Zoning
4600
Flood Zone
AE

Financial Information

Tax Annual Amount
70391
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

Status Change Information

Major Change Timestamp
2026-07-18T21:56:47Z
Major Change Type
Price Reduced
Price Change Timestamp
2026-07-18T21:56:47Z
Status Change Date
2026-05-13

More Information

Income and Expenses

Gross Scheduled Income
695952

Description of Unit Type 1

Unit Type
1 Bedroom
Units Total
9
Furnished
No

Description of Unit Type 2

Unit Type
2 Bedroom
Units Total
18
Furnished
No

Price Calculations

Current Price To SqFt
316.61

Section Details

Parcel Number MLX
0010

Originating Details

Originating System Key
475012052
Originating System ID
M00000151
IDX
Listing Office: The Keyes Company
Last Updated: August - 07 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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