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1419 SW 22nd Ave 4 Unit Apartment Building Offered at $1,455,000 at a 5.93% Cap Rate Miami, FL 33145
Executive Summary
This excellent 4 unit building is located in the Shenandoah area close to the metro rail station and Coconut Grove. Constructed in 1995, features impact windows and doors, as well as central air conditioning and tile floors. The unit mix consists of four 2-bedroom/1-bath units. The property is very well maintained and offers off-street parking. All units include washer and dryer hookups. Both the kitchens and bathrooms have been remodeled in most of the units, and the 10-year certification was successfully completed in 2026. Great opportunity to own a turnkey asset!!
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Property Facts
| Price | $1,455,000 | Building Class | C |
| Price Per Unit | $363,750 | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 2,704 SF |
| Cap Rate | 5.93% | Average Occupancy | 100% |
| Gross Rent Multiplier | 18.26 | No. Stories | 2 |
| No. Units | 4 | Year Built | 1995 |
| Property Type | Multifamily | Parking Ratio | 2.22/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | R-3 | ||
| Price | $1,455,000 |
| Price Per Unit | $363,750 |
| Sale Type | Investment |
| Cap Rate | 5.93% |
| Gross Rent Multiplier | 18.26 |
| No. Units | 4 |
| Property Type | Multifamily |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 2,704 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1995 |
| Parking Ratio | 2.22/1,000 SF |
| Zoning | R-3 |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Cable Ready
- Washer/Dryer
- Washer/Dryer Hookup
- Ceiling Fans
- Tile Floors
- Refrigerator
- Range
- Window Coverings
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $2,150 | 650 - 700 |
1 1
Exceptionally walkable
90/100
Fairly drivable
50/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 01-4110-059-0300 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $627,234 |
Property Taxes
Parcel Number
01-4110-059-0300
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$627,234
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Select Properties of America, Inc.
1419 SW 22nd Ave
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