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Osceola Apartment Hotel 200 Azure Way 23 Unit Apartment Building $8,150,000 ($354,348/Unit) 5.13% Cap Rate Miami Springs, FL 33166
INVESTMENT HIGHLIGHTS
- OWNER'S FINANCE AVAILABLE.
- LOCATED IN AN AREA OF CONTINUOUS GROWTH WITH STRONG RENTAL DEMAND ALWAYS FULLY OCCUPIED
- CLOSE TO THE NEW MIAMI FREEDOM PARK & SOCCER VILLAGE AND GOLF COURSE.
- FULLY REMODELED IN 2014, OFFERING MODERN INTERIORS AND UPDATED SYSTEMS.
- TURNKEY INVESTMENT WITH LONG-TERM TENANTS ALREADY IN PLACE.
- VIDEOS AVAILABLE UPON DEMAND.
EXECUTIVE SUMMARY
Investor Opportunity in Miami Springs, FULLY OCCUPIED.
Presenting a rare investment opportunity in Miami Springs—Azure, a historic two-story V-shaped building featuring 23 apartments arranged around a central, garden-style courtyard enclosed by a low, irregular stucco wall. Each wing of the V extends into a smaller one-story section, with an additional one-story building at the rear housing five studio apartments (not part of the original structure).
Azure exemplifies the Mission Revival architectural style, boasting:
Flat roofs and irregular parapets
Tower-like elements with distinctive openings
Prominent water spouts (canals) and arched breezeways
Mission bell cote motifs
Rough-textured stucco finishes
Grand entrances with massive lateral buttresses
Despite undergoing a full and major renovation in 2014, the exterior maintains its historic 1926 charm.
For detailed financials and property specifics, please refer to the attached Offering Memorandum and call or email Beatrizacostargodoy@gmail.com
Presenting a rare investment opportunity in Miami Springs—Azure, a historic two-story V-shaped building featuring 23 apartments arranged around a central, garden-style courtyard enclosed by a low, irregular stucco wall. Each wing of the V extends into a smaller one-story section, with an additional one-story building at the rear housing five studio apartments (not part of the original structure).
Azure exemplifies the Mission Revival architectural style, boasting:
Flat roofs and irregular parapets
Tower-like elements with distinctive openings
Prominent water spouts (canals) and arched breezeways
Mission bell cote motifs
Rough-textured stucco finishes
Grand entrances with massive lateral buttresses
Despite undergoing a full and major renovation in 2014, the exterior maintains its historic 1926 charm.
For detailed financials and property specifics, please refer to the attached Offering Memorandum and call or email Beatrizacostargodoy@gmail.com
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$518,100
|
$34.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
$111,700
|
$7.54
|
| Total Expenses |
$111,700
|
$7.54
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $518,100 |
| Annual Per SF | $34.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | $111,700 |
| Annual Per SF | $7.54 |
| Total Expenses | |
|---|---|
| Annual | $111,700 |
| Annual Per SF | $7.54 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
SITE AMENITIES
- Courtyard
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 5 | - | 365 |
| 1+1 | 18 | $1,915 | 610 - 650 |
1 1
Walk Score®
Very Walkable (87)
PROPERTY TAXES
| Parcel Number | 05-3024-006-2210 | Improvements Assessment | $0 (2025) |
| Land Assessment | $0 (2025) | Total Assessment | $2,109,768 (2025) |
PROPERTY TAXES
Parcel Number
05-3024-006-2210
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$2,109,768 (2025)
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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Osceola Apartment Hotel | 200 Azure Way
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