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The Dorian 13201 Memorial Hwy 28 Unit Apartment Building $4,770,000 ($170,357/Unit) 6.03% Cap Rate North Miami, FL 33161
INVESTMENT HIGHLIGHTS
- Stable Income Property
- Close to working hubs
- Close to 135th Avenue
- 40 Year inspection pass
EXECUTIVE SUMMARY
Dalan Realty is proud to present "Dorian Apartments", a 28 Unit Apartment complex located in North Miami Beach, Florida. Most of the units has been renovated in the interiors. The building feature improvements such as impact windows, impact doors and windows, shingle roof (2018) , gated entrance and a remote surveillance camera system. 40 year Certification passed on December 2018, next certification on December 2028.
Unit Mix includes 24 one bedroom units and 4 Studios. Rent Average $1,600. Several units include granite kitchens and tile
floors. All units have split air conditioning units and smoke alarms. Plenty of parking spaces on the front and rear of the property.
Beautiful garden area after the parking.
Unit Mix includes 24 one bedroom units and 4 Studios. Rent Average $1,600. Several units include granite kitchens and tile
floors. All units have split air conditioning units and smoke alarms. Plenty of parking spaces on the front and rear of the property.
Beautiful garden area after the parking.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $4,770,000 | Building Class | C |
| Price Per Unit | $170,357 | Lot Size | 0.67 AC |
| Sale Type | Investment | Building Size | 15,575 SF |
| Cap Rate | 6.03% | Average Occupancy | 100% |
| No. Units | 28 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1968/2018 |
| Property Subtype | Apartment | Parking Ratio | 2.05/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | 3800 - **Prime Location, Prime Returns**: Situated in a location known for its high growth potential and strong rental market. | ||
| Price | $4,770,000 |
| Price Per Unit | $170,357 |
| Sale Type | Investment |
| Cap Rate | 6.03% |
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.67 AC |
| Building Size | 15,575 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1968/2018 |
| Parking Ratio | 2.05/1,000 SF |
| Zoning | 3800 - **Prime Location, Prime Returns**: Situated in a location known for its high growth potential and strong rental market. |
AMENITIES
UNIT AMENITIES
- Granite Countertops
- Stainless Steel Appliances
SITE AMENITIES
- 24 Hour Access
- Courtyard
- Fenced Lot
- Laundry Facilities
- Playground
- Security System
- Gated
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 4 | $1,150 | 515 |
| 1+1 | 24 | $1,500 | 625 |
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PROPERTY TAXES
| Parcel Number | 06-2230-000-0320 | Total Assessment | $4,190,000 (2025) |
| Land Assessment | $1,257,520 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $2,932,480 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
06-2230-000-0320
Land Assessment
$1,257,520 (2025)
Improvements Assessment
$2,932,480 (2025)
Total Assessment
$4,190,000 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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The Dorian | 13201 Memorial Hwy
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