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16020 SW 208th Ave 5 Unit Apartment Building $1,180,000 ($236,000/Unit) 12.60% Cap Rate Miami, FL 33187
Investment Highlights
- Rare agricultural - Income producing
- Strong potential for primary use or investment
- Open land / Flexible zoning
Executive Summary
Exceptional income-producing residential compound situated on almost 2 acres in the Redlands. This unique property offers multiple dwelling units with strong in-place cash flow and future upside. Current monthly income exceeds $14,000, making it ideal for investors, owner-occupants, or multi-generational living. The property consists of six primary residential units plus additional income-producing structures, including a detached 1-bedroom cottage and an RV with full hook-ups, both currently used as rentals. Features include two gated private entrances, well water, coin-operated laundry, mature fruit trees, nursery space, and a legal horse stable. The expansive lot provides ample space for additional RV pads, outdoor rental concepts, or construction of a custom primary residence (buyer to verify development options). Convenient Redlands location near Krome Ave, agricultural amenities, and major roadways. Rare opportunity to acquire a cash-flowing residential income property with land, privacy, and expansion potential.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $1,180,000 | Apartment Style | Single-Family Home |
| Price Per Unit | $236,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.82 AC |
| Cap Rate | 12.60% | Building Size | 3,335 SF |
| Gross Rent Multiplier | 7 | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 2015/2019 |
| Property Subtype | Apartment | ||
| Zoning | RESIDENTIAL-AG - Agricultural Residential, property is considered commercial because it is more than 4 units | ||
| Price | $1,180,000 |
| Price Per Unit | $236,000 |
| Sale Type | Investment |
| Cap Rate | 12.60% |
| Gross Rent Multiplier | 7 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 1.82 AC |
| Building Size | 3,335 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 2015/2019 |
| Zoning | RESIDENTIAL-AG - Agricultural Residential, property is considered commercial because it is more than 4 units |
Amenities
Unit Amenities
- Washer/Dryer
- Yard
- Garden
- Greenhouse
- Recreation Room
Site Amenities
- Clubhouse
- Courtyard
- Fenced Lot
- Laundry Facilities
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $1,350 | - |
| Studios | 6 | $1,000 | - |
1 1
Property Taxes
| Parcel Number | 30-5828-000-3930 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $675,542 |
Property Taxes
Parcel Number
30-5828-000-3930
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$675,542
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16020 SW 208th Ave
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