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Airport View II 4271 NW S Tamiami Canal Dr 24 Unit Apartment Building $6,600,000 ($275,000/Unit) 5.50% Cap Rate Miami, FL 33126
EXECUTIVE SUMMARY
Eco Stone Group Investments is pleased to present a 24-unit multifamily property located at 4271 NW South Tamiami Canal, in the heart of Miami, the largest epicenter for the Hispanic community. Its density and desirability have allowed for rapid growth in rents and capital appreciation for the area. The property is in the center of prime destinations like Miami International Airport, The Health districts, Brickell and Miami freedom Park stadium (New stadium inter Miami) multiple transit systems, and offers easy access to public transportation, expressways, and major highways, creating high demand for both tenants and landlords.
The property features:
- 24 separate units, 9units 2 bed and 1 bath (approx 750 sq.ft.), and 15units 1Bed 1 bath which are larger (approx. 580sqf)
- Separate electric meters for each unit.
- 100% of the units have been renovated.
- A parking space for each unit. Plus visitor parking
-
The property features:
- 24 separate units, 9units 2 bed and 1 bath (approx 750 sq.ft.), and 15units 1Bed 1 bath which are larger (approx. 580sqf)
- Separate electric meters for each unit.
- 100% of the units have been renovated.
- A parking space for each unit. Plus visitor parking
-
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$504,000
|
$29.53
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$504,000
|
$29.53
|
| Taxes |
$65,388
|
$3.83
|
| Operating Expenses |
$76,222
|
$4.47
|
| Total Expenses |
$141,610
|
$8.30
|
| Net Operating Income |
$362,390
|
$21.23
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $504,000 |
| Annual Per SF | $29.53 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $504,000 |
| Annual Per SF | $29.53 |
| Taxes | |
|---|---|
| Annual | $65,388 |
| Annual Per SF | $3.83 |
| Operating Expenses | |
|---|---|
| Annual | $76,222 |
| Annual Per SF | $4.47 |
| Total Expenses | |
|---|---|
| Annual | $141,610 |
| Annual Per SF | $8.30 |
| Net Operating Income | |
|---|---|
| Annual | $362,390 |
| Annual Per SF | $21.23 |
PROPERTY FACTS
| Price | $6,600,000 | Building Class | C |
| Price Per Unit | $275,000 | Lot Size | 0.46 AC |
| Sale Type | Investment | Building Size | 17,069 SF |
| Cap Rate | 5.50% | Average Occupancy | 100% |
| No. Units | 24 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1971 |
| Property Subtype | Apartment | Parking Ratio | 1.76/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RU-3 - Four-Unit Apartment for residential zoning, allowing up to four families per lot with uses such as apartment buildings, swimming pools, and sheds | ||
| Price | $6,600,000 |
| Price Per Unit | $275,000 |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.46 AC |
| Building Size | 17,069 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1971 |
| Parking Ratio | 1.76/1,000 SF |
| Zoning | RU-3 - Four-Unit Apartment for residential zoning, allowing up to four families per lot with uses such as apartment buildings, swimming pools, and sheds |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Heating
- Kitchen
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Property Manager on Site
- Public Transportation
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 15 | $1,600 | 580 |
| 2+1 | 9 | $2,000 | 750 |
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PROPERTY TAXES
| Parcel Number | 01-3132-014-1200 | Total Assessment | $3,740,000 (2025) |
| Land Assessment | $0 (2025) | Annual Taxes | $65,388 ($3.83/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
01-3132-014-1200
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$3,740,000 (2025)
Annual Taxes
$65,388 ($3.83/SF)
Tax Year
2024
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Airport View II | 4271 NW S Tamiami Canal Dr
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