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The Commons 20690 NW 27th Ave 24 Unit Apartment Building $3,500,000 ($145,833/Unit) Miami Gardens, FL 33056
INVESTMENT HIGHLIGHTS
- Less than a mile from Hard Rock Stadium
- Property is on a 2 acre parcel
- Modern finishes as it was built in 2017
EXECUTIVE SUMMARY
DRASTIC PRICE REDUCTION LISTED AT $3,500,000!!!LOCATION!!!LOCATION!!!LOCATION!!! 24 UNITS APARTMENTBUILDING!!! IN THE HEART OF MIAMI GARDENS WITH MANY ANNUAL EVENTS!!!ALL MIAMI DOLPHIN GAMES!!GRAND PRIX RACE!!! OCCUPANCY RATE AT A 100%!!! NEWLY BUILT IN 2017!!! TILE FLOORS THROUGHOUT UNITS!!! GRANITE COUNTER TOPS!!!SITUATED ON ALMOST TWO ACRES OF LAND!!!OWNER MOTIVATED!!!DON'T MISS THE OPPORTUNITY TO OWN THIS PROPERTY.
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$234,335
|
$15.67
|
| Other Income |
$2,990
|
$0.20
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$237,325
|
$15.87
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$152,302
|
$10.19
|
| Net Operating Income |
$85,023
|
$5.69
|
FINANCIAL SUMMARY (ACTUAL - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $234,335 |
| Annual Per SF | $15.67 |
| Other Income | |
|---|---|
| Annual | $2,990 |
| Annual Per SF | $0.20 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $237,325 |
| Annual Per SF | $15.87 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $152,302 |
| Annual Per SF | $10.19 |
| Net Operating Income | |
|---|---|
| Annual | $85,023 |
| Annual Per SF | $5.69 |
PROPERTY FACTS
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Fireplace
- Kitchen
- Granite Countertops
- Freezer
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- 24 Hour Access
- Fitness Center
- Property Manager on Site
- Grill
- Online Services
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 24 | - | 600 |
PROPERTY TAXES
| Parcel Number | 34-1133-003-0110 | Improvements Assessment | $664,610 (2025) |
| Land Assessment | $435,390 (2025) | Total Assessment | $1,100,000 (2025) |
PROPERTY TAXES
Parcel Number
34-1133-003-0110
Land Assessment
$435,390 (2025)
Improvements Assessment
$664,610 (2025)
Total Assessment
$1,100,000 (2025)
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Presented by
The NDI Group Inc.
The Commons | 20690 NW 27th Ave
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