2311-2325 NW 22nd Ave - Apartments FOR SALE


Miami, FL 33142- Allapattah
$9,500,000 USD
305-720-5375
2311-2325 NW 22nd Ave, Miami, FL for Sale
$9,500,000 USD
Apartments - FOR SALE
1/30
null | 5.06% Cap Rate

2311-2325 NW 22nd Ave
Miami, FL 33142
Allapattah


HIGHLIGHTS

  • Allapattah area just northwest of Downtown Miami excellent connectivity to Dolphin Expressway, I-95 and Miami International Airport

OVERVIEW

An exceptional opportunity to acquire a newly constructed, 23- unit multifamily (plus 12 storage units) property located at 2311 NW 22nd Avenue in Miami, Florida. The property offers immediate cash flow with stable in-place NOI of $480,918 (96% occupancy) and additional upside potential. Strategically positioned in one of Miami's rapidly evolving neighborhood and adjacent to Wynwood, Jackson Health System, Miami Design District, Miami International Airport, Downtown/Brickell and Miami Beach. The property is being offered at $238 by SF, which represents a considerably discount to repositioning cost, creating an attractive basis for investors.

FOR SALE DETAILS

PRICE

$9,500,000 USD

PRICE/SF

$238 USD /SF

# OF UNITS

23

PRICE/UNIT

$413,043

CAP RATE

5.06%

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Allapattah 23

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2023

PARKING SPACES

29

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,158 SF

ZONING

RU-3

APN/PARCEL ID

01-3127-018-0142

ASK ABOUT THIS PROPERTY

Domenico AlbanoA & D Group Realty LLCMore Info
305-720-5375

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

Domenico AlbanoA & D Group Realty LLCMore Info
305-720-5375

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