20690 NW 27th Ave - Apartments FOR SALE


Miami Gardens, FL 33056
$3,500,000 USD
786-367-0508
20690 NW 27th Ave, Miami Gardens, FL for Sale
$3,500,000 USD
Apartments - FOR SALE
1/24
null | 8.21% Cap Rate

20690 NW 27th Ave
Miami Gardens, FL 33056


HIGHLIGHTS

  • Less than a mile from Hard Rock Stadium
  • Modern finishes as it was built in 2017
  • Property is on a 2 acre parcel

OVERVIEW

Significant price adjustment brings this 24-unit apartment building to market at $3,500,000. Strategically located in the heart of Miami Gardens, this property stands within a vibrant area known for hosting major annual events, including Miami Dolphins home games and the Grand Prix. The building, constructed in 2017, showcases modern design features such as tile flooring throughout and granite countertops in every unit, combining durability with aesthetic appeal. Spread across nearly two acres, this well-maintained asset is operating at full occupancy, delivering immediate income stability for investors. The attractive land size also ensures ample space for parking and future possibilities. With strong tenant demand supported by the area’s ongoing activity and growth, this property represents a rare chance to secure a stable multifamily investment in one of South Florida’s most active communities. Ownership is highly motivated to sell, so now is the time to take advantage of this opportunity and add a high-performing asset to your portfolio.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$234 USD /SF

# OF UNITS

24

PRICE/UNIT

$145,833

CAP RATE

8.21%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Commons

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

PARKING SPACES

52

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

9400

APN/PARCEL ID

34-1133-003-0110

ASK ABOUT THIS PROPERTY

Patricia DillardThe NDI Group Inc.More Info
786-367-0508

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Patricia DillardThe NDI Group Inc.More Info
786-367-0508

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