200 Azure Way - Apartments FOR SALE


Miami Springs, FL 33166- Country Club Estates
$8,150,000 USD
786-519-4467
200 Azure Way, Miami Springs, FL for Sale
$8,150,000 USD
Apartments - FOR SALE
1/26
null | 5.13% Cap Rate

200 Azure Way
Miami Springs, FL 33166
Country Club Estates


HIGHLIGHTS

  • OWNER'S FINANCE AVAILABLE.
  • FULLY REMODELED IN 2014, OFFERING MODERN INTERIORS AND UPDATED SYSTEMS.
  • LOCATED IN AN AREA OF CONTINUOUS GROWTH WITH STRONG RENTAL DEMAND ALWAYS FULLY OCCUPIED
  • TURNKEY INVESTMENT WITH LONG-TERM TENANTS ALREADY IN PLACE.
  • CLOSE TO THE NEW MIAMI FREEDOM PARK & SOCCER VILLAGE AND GOLF COURSE.
  • VIDEOS AVAILABLE UPON DEMAND.

OVERVIEW

Investor Opportunity in Miami Springs, FULLY OCCUPIED. Presenting a rare investment opportunity in Miami Springs—Azure, a historic two-story V-shaped building featuring 23 apartments arranged around a central, garden-style courtyard enclosed by a low, irregular stucco wall. Each wing of the V extends into a smaller one-story section, with an additional one-story building at the rear housing five studio apartments (not part of the original structure). Azure exemplifies the Mission Revival architectural style, boasting: Flat roofs and irregular parapets Tower-like elements with distinctive openings Prominent water spouts (canals) and arched breezeways Mission bell cote motifs Rough-textured stucco finishes Grand entrances with massive lateral buttresses Despite undergoing a full and major renovation in 2014, the exterior maintains its historic 1926 charm. For detailed financials and property specifics, please refer to the attached Offering Memorandum and call or email Beatrizacostargodoy@gmail.com

FOR SALE DETAILS

PRICE

$8,150,000 USD

PRICE/SF

$494 USD /SF

# OF UNITS

23

PRICE/UNIT

$354,348

CAP RATE

5.13%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Osceola Apartment Hotel

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1926

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.53 AC

LAND SF

23,087 SF

ZONING

R-3A, Miami Springs

APN/PARCEL ID

05-3024-006-2210

ASK ABOUT THIS PROPERTY

Beatriz Acosta-RubioLoKation Real EstateMore Info
786-519-4467

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Beatriz Acosta-RubioLoKation Real EstateMore Info
786-519-4467

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.