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Queens Park 11128 NW 17th Ave 2 Unit Apartment Building $1,150,000 ($575,000/Unit) 7% Cap Rate Miami, FL 33167
INVESTMENT HIGHLIGHTS
- Great property for investors
- Brand new construction
- Minutes from I-95 and Downtown Miami
EXECUTIVE SUMMARY
Welcome to this brand-new duplex in the sought-after Queens Park subdivision! Each unit offers 4 bedrooms and 3 bathrooms, totaling 8 bedrooms and 6 bathrooms. The kitchens are equipped with top-of-the-line appliances and elegant Calacatta countertops, and the property features impact windows and doors for added security and peace of mind. Perfect for investors or those looking to live in one unit while the other generates income to help pay the mortgage, this property offers an approximate NOI of $78,000 and the potential for an attractive 6-7% cap rate, depending on the purchase method. Conveniently located just minutes from I-95, Gratigny Expressway, Downtown Miami, Wynwood, and both Miami and Ft. Lauderdale airports, this is an opportunity you don’t want to miss!
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$102,000
|
$30.36
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$102,000
|
$30.36
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $102,000 |
| Annual Per SF | $30.36 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $102,000 |
| Annual Per SF | $30.36 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
| Price | $1,150,000 | Apartment Style | Townhome |
| Price Per Unit | $575,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.24 AC |
| Cap Rate | 7% | Building Size | 3,360 SF |
| No. Units | 2 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2024 |
| Zoning | RU-2 - Multifamily | ||
| Price | $1,150,000 |
| Price Per Unit | $575,000 |
| Sale Type | Investment |
| Cap Rate | 7% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 0.24 AC |
| Building Size | 3,360 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2024 |
| Zoning | RU-2 - Multifamily |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 4+3 | 3 | $4,325 | 1,680 |
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PROPERTY TAXES
| Parcel Number | 30-2134-011-1450 | Improvements Assessment | $0 (2025) |
| Land Assessment | $0 (2025) | Total Assessment | $233,200 (2025) |
PROPERTY TAXES
Parcel Number
30-2134-011-1450
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$233,200 (2025)
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Queens Park | 11128 NW 17th Ave
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