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The Commons 20690 NW 27th Ave 24 Unit Apartment Building $3,500,000 ($145,833/Unit) 8.21% Cap Rate 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
Significant price adjustment brings this 24-unit apartment building to market at $3,500,000. Strategically located in the heart of Miami Gardens, this property stands within a vibrant area known for hosting major annual events, including Miami Dolphins home games and the Grand Prix. The building, constructed in 2017, showcases modern design features such as tile flooring throughout and granite countertops in every unit, combining durability with aesthetic appeal.
Spread across nearly two acres, this well-maintained asset is operating at full occupancy, delivering immediate income stability for investors. The attractive land size also ensures ample space for parking and future possibilities. With strong tenant demand supported by the area’s ongoing activity and growth, this property represents a rare chance to secure a stable multifamily investment in one of South Florida’s most active communities.
Ownership is highly motivated to sell, so now is the time to take advantage of this opportunity and add a high-performing asset to your portfolio.
Spread across nearly two acres, this well-maintained asset is operating at full occupancy, delivering immediate income stability for investors. The attractive land size also ensures ample space for parking and future possibilities. With strong tenant demand supported by the area’s ongoing activity and growth, this property represents a rare chance to secure a stable multifamily investment in one of South Florida’s most active communities.
Ownership is highly motivated to sell, so now is the time to take advantage of this opportunity and add a high-performing asset to your portfolio.
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 |
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
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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