Kays Estates Multifamily Homes For Sale

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$300 - $400 per SqFt
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Kays Estates, 2400 NW 16th Street Rd, Miami, Florida 33125, image 1
$9,000,000
  • 25,899 SqFt
  • $348/SqFt
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Multifamily for sale in Kays Estates
2400 NW 16th Street Rd, Miami, FL 33125
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 6.26%. All figures are approximate and deemed reliable.
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Subdivision Amenities
Elevators
Laundry
Pool
Frequently Asked Questions
Scores
Walk Score®
Very Walkable. Most errands can be accomplished on foot.
71

100
Transit Score®
Some Transit. A few nearby public transportation options.
46

100
Bike Score®
Somewhat Bikeable. Minimal bike infrastructure.
46

100
Sound Score®
Very loud.
61

100
Miami
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