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3123 NW 22nd Ct 4 Unit Apartment Building $1,490,000 ($372,500/Unit) 6.22% Cap Rate Miami, FL 33142
Investment Highlights
- Fully equipped modern kitchen with updated appliances
- Modern finishes throughout – contemporary design & fixtures
- Fully renovated 4-plex – move-in ready, turnkey multifamily property, Income Producing
- In-unit washer & dryer for ultimate convenience
- Dedicated parking space available (on-site parking)
Executive Summary
6.22% Cap Rate Motivated Seller!!! Nestled in the vibrant heart of Miami, this exquisitely renovated Fourplex 4 unit residence offer both elegance and income stability, featuring a 3/1, two 2/1 and 1/1, each unit is fully occupied, making this a turnkey opportunity for investors. The property boast brand- new-appliances, modern finishes, and refined details throughout, creating the perfect blend of comfort and style
Property Facts
| Price | $1,490,000 | Apartment Style | Low-Rise |
| Price Per Unit | $372,500 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 6.22% | Building Size | 3,615 SF |
| Gross Rent Multiplier | 15.87 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1925/2025 |
| Property Subtype | Apartment | Parking Ratio | 1.99/1,000 SF |
| Zoning | 5700 - Multifamily | ||
| Price | $1,490,000 |
| Price Per Unit | $372,500 |
| Sale Type | Investment |
| Cap Rate | 6.22% |
| Gross Rent Multiplier | 15.87 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.12 AC |
| Building Size | 3,615 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1925/2025 |
| Parking Ratio | 1.99/1,000 SF |
| Zoning | 5700 - Multifamily |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $1,800 | 482 |
| 2+1 | 2 | $2,150 | 824 |
| 3+1 | 1 | $2,800 | 891 |
1 1
Walk Score®
Very Walkable (76)
Property Taxes
| Parcel Number | 01-3127-027-0280 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $348,071 |
Property Taxes
Parcel Number
01-3127-027-0280
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$348,071
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