8852 NW 111 Ct - Apartments FOR SALE


Miami, FL 33178
$8,690,000 USD
954-245-3492
8852 NW 111 Ct, Miami, FL for Sale
$8,690,000 USD
Apartments - FOR SALE
1/10
null | 5.37% Cap Rate

8852 NW 111 Ct
Miami, FL 33178


HIGHLIGHTS

  • Portfolio of 22 Units built in 2006-2007 located in Ibis Villas Condominium, which has 196 total units
  • Affluent/Growing Area with $122,569 Average Household Income, 18% Population Growth since 2010
  • Mix of 2, 3 and 4 Bedrooms Units ranging from 1,303 – 2,214 Square Feet (1,587 Average Units Size)
  • Six of the Units are Townhome Floorplans over 2,200 Square Feet and Twelve Units have Garages
  • Units Feature Central Air Conditioning, Washer/Dryers, Stainless Steel Appliances, Attached Garages
  • Common Area Amenities include On-Site Office and Clubhouse, Pool, Fitness Center, Ample Parking

OVERVIEW

The Thomas-Team of Marcus & Millichap, as exclusive listing agents, are pleased to offer for sale the Ibis Villas at Doral Condominium Portfolio, consisting of 22 out of 196 total condominiums located in Doral, Florida. This offering includes 22 out of 196 total condominiums within The Ibis Villas at Doral Condominium, offering an approximately 11% ownership interest. The Ibis Villas at Doral Condominium Portfolio was originally constructed between 2006 and 2007 and consists of nine buildings within a larger 23-building condominium community, according to the Miami-Dade County Property Appraiser. The buildings are two and three stories and feature concrete block construction, painted stucco exteriors, barrel tile roofs, paved asphalt parking, in-unit washer’s & dryers and central air conditioning. This portfolio totals 34,716 rentable square feet with a unit mix consisting of (8) two-bedroom | two-bathroom units measuring approximately 1,303 square feet, (8) three-bedroom | two-bathroom units measuring approximately 1,380 square feet, (4) three-bedroom | three-bathroom units measuring approximately 2,206 square feet, and (2) four-bedroom | two-and-a-half-bathroom units measuring approximately 2,214 square feet. 11116 NW 88th Terrace is comprised of; Unit #101 a 2 Bed | 2 Bath Condo with Garage, Unit #202 a 2 Bed | 2 Bath Condo, Unit #109 a 2 Bed | 2 Bath Condo with Garage, and Unit #110 3 Bed | 2 Bath Condo. 8804 NW 109th Place is comprised of; Unit #401 a 2 Bed | 2 Bath Condo with Garage, Unit #403 a 3 Bed | 3 Bath Townhome with Garage, Unit #407 a 2 Bed | 2 Bath Condo with Garage and Unit #408 a 2 Bed | 2 Bath Condo. 8902 NW 109th Court is comprised of; Unit #1202 a 3 Bed | 2 Bath Condo, Unit #1205 a 2 Bed | 2 Bath Condo with Garage. 8952 NW 109th Court is comprised of; Unit #1102 a 3 Bed | 2 Bath Condo, Unit #1105 a 2 Bed | 2 Bath Condo, Unit #1202 a 3 Bed | 2 Bath Condo and Unit #1205 a 2 Bed | 2 Bath Condo with Garage. 11053 NW 89th Terrace consists of; Unit #1505 a 4 Bed | 2 Bath Townhome with Garage. 11063 NW 89th Terrace consists of; Unit #1605 a 4 Bed | 2 Bath Townhome with Garage. 11062 NW 89th Terrace is comprised of; Unit #1702 a 3 Bed | 2 Bath Condo, Unit #1705 a 2 Bed | 2 Bath Condo with Garage, Unit #1706 a 3 Bed | 2 Bath Condo. 11061 NW 89th Terrace is comprised of; Unit #1802 a 3 Bed | 2 Bath Condo, Unit #1803 a 3 Bed | 3 Bath Townhome with Garage, Unit #1805 a 2 Bed | 2 Bath Condo. 11060 NW 88th Terrace is comprised of; Unit#303 & 304, 3 Bed/3 Bath Townhomes with Garage.

FOR SALE DETAILS

PRICE

$8,690,000 USD

PRICE/SF

$250 USD /SF

# OF UNITS

22

PRICE/UNIT

$395,000

CAP RATE

5.37%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ibis Villas at Doral

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2007

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

MF-1

APN/PARCEL ID

35-3007-010-0010,35-3007-010-0020,35-3007-010-0090,35-3007-010-0100,35-3007-010-0190,35-3007-010-0200,35-3007-010-0230,35-3007-010-0250,35-3007-010-0290,35-3007-010-0300,35-3007-010-0740,35-3007-010-0770,35-3007-010-0800,35-3007-010-0830,35-3007-010-1050,35-3007-010-1130,35-3007-010-1180,35-3007-010-1210,35-3007-010-1220,35-3007-010-1240,35-3007-010-1250,35-3007-010-1270

ASK ABOUT THIS PROPERTY

Joseph ThomasMarcus & MillichapMore Info
954-245-3492

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Joseph ThomasMarcus & MillichapMore Info
954-245-3492

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