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1680 NW 22nd Ct - CAZA AZUL 3 Unit Apartment Building Offered at $1,180,000 at a 8.47% Cap Rate Miami, FL 33125
INVESTMENT HIGHLIGHTS
- $10,000+ Monthly Income – Strong in-place cash flow from a proven long-term + Airbnb rental mix
- Flexible Unit Mix – Duplex operating as a triplex: (2) 1/1 units + (1) spacious 4/3 unit
- Ample Parking – 6+ on-site parking spaces, ideal for short-term rentals and tenant demand
- Turnkey Asset – New roof, impact windows/doors, updated kitchens & baths, new plumbing, sewer connection
- Value-Add Opportunity – Ability to add a 4th unit, creating immediate upside and higher NOI
- Prime Allapattah Location – High-demand rental corridor with strong appreciation and redevelopment activity
EXECUTIVE SUMMARY
Allapattah Cash-Flow Powerhouse | $10,000+ Monthly Income | Value-Add Upside
Positioned in one of Miami’s fastest-growing rental corridors, this high-performing duplex operating as a triplex delivers exceptional in-place cash flow with clear expansion potential. Generating over $10,000 per month, the property offers investors a rare blend of turnkey income, short-term rental flexibility, and future upside—all on a fully fenced 7,000 SF lot with ample parking.
The 3,200 SF building features a versatile unit mix with two 1-bedroom/1-bath units and a large 4-bedroom/3-bath unit. One unit is stabilized with a long-term tenant, while the remaining units are successfully operated as Airbnb, allowing investors to maintain a hybrid rental strategy or fully convert to long- or short-term use. Extensive renovations have already been completed, minimizing deferred maintenance and capital risk.
Positioned in one of Miami’s fastest-growing rental corridors, this high-performing duplex operating as a triplex delivers exceptional in-place cash flow with clear expansion potential. Generating over $10,000 per month, the property offers investors a rare blend of turnkey income, short-term rental flexibility, and future upside—all on a fully fenced 7,000 SF lot with ample parking.
The 3,200 SF building features a versatile unit mix with two 1-bedroom/1-bath units and a large 4-bedroom/3-bath unit. One unit is stabilized with a long-term tenant, while the remaining units are successfully operated as Airbnb, allowing investors to maintain a hybrid rental strategy or fully convert to long- or short-term use. Extensive renovations have already been completed, minimizing deferred maintenance and capital risk.
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Breakfast Nook
- Family Room
SITE AMENITIES
- 24 Hour Access
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 6+5 | 1 | $1.00 | 1 |
Walk Score®
Very Walkable (70)
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1680 NW 22nd Ct - CAZA AZUL
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