2278 SW 16th Ave

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2278 SW 16th Ave

Miami, FL 33145
Asking Price
$1.50M
Asset Type
Multifamily
Class
Class B

What's Special

2278 SW 16th Ave is located in the Silver Bluff neighborhood of Miami, situated just south of the Coral Way corridor. The property offers proximity to the retail and dining options along Miracle Mile and the central business district of Coral Gables. The location provides access to major transportation arteries, including US-1 and I-95, and is served by the Miami Trolley and Metrobus systems. Residents are within a short distance of Coconut Grove and the Vizcaya Metrorail station, facilitating commutes to Brickell and Downtown Miami. This multifamily asset is suited for long-term rental use or a value-add renovation strategy. The location historically attracts a tenant profile consisting of young professionals and urban commuters seeking residential proximity to Miami’s primary employment hubs. Units in this area typically appeal to individuals looking for a neighborhood setting that balances suburban character with direct transit access to high-density commercial centers. The property represents a mid-market residential opportunity within an established submarket of Miami-Dade County.

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NOI
$80,000
Cap Rate
5.34%
DSCR
0.90
Underwater
Cash-on-Cash
-1.99%
Monthly Payment
$7,411.287
Annual Cash Flow
$-8,935.44

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