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.
Details
| MLS # | A12014138 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1974 |
| Days On Site | 125 |
| Listing Provided By | The Keyes Company | Juan Garcia |
Features
| SQ Feet | 25,899 |
|---|---|
| Pool | Yes |
| Story(s) | 4 |
| Zoning | 4600 |
Exterior
| Lot Features | Corner Lot |
|---|
Taxes
| Tax Annual Amount | 70391 |
|---|
Location
| Community Features | Laundry Facilities |
|---|
Area Information
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami |
| Zip Code | 33125 |
| Area | 31 |
| Community Name | KAYS EST |
| Listing VS Median (in KAYS EST) | |
Price: $8,200,000 low | high Med: $8,200,000 sqft: 25,899 low | high Med: 25,899 $ / sqft: $317 low | high Med: $317 On site: 125 low | high Med: 125 | |
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Learn More About This Property
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami |
| Zip Code | 33125 |
| Area | 31 |
| Community Name | KAYS EST |
| Listing VS Median (in KAYS EST) | |
Price: $8,200,000 low | high Med: $8,200,000 sqft: 25,899 low | high Med: 25,899 $ / sqft: $317 low | high Med: $317 On site: 125 low | high Med: 125 | |
Nearby Listings (Within 1/10 mile)
Price: $6.15M - $10.25M
sqft: 19,000 - 32,000
 | $8,200,0002400 Nw 16th St RdMiami, FL 33125 |
Listing Updated: September 2, 2026 at 9:25:33 PM PDT