Log In/Sign Up
Your email has been sent.
Regal Apartments 6020 NW 13th Ave 24 Unit Apartment Building $4,300,000 ($179,167/Unit) 8.37% Cap Rate Miami, FL 33142
Investment Highlights
- 24 units 100% occupancy. Renovated in 2020 with a 40 year certification from the City. Most of the tenants are Section 8 Rentals.
Executive Summary
This stabilized, cash-flowing 24-unit multifamily property sits on a 13,300 SF corner lot in Miami's urban core .24 units 100% occupancy. Renovated in 2020 with a new roofing, updated kitchens and bathrooms amenities like laundry room and playground.40-year certification from the city. The asset provides investors with a turnkey low- maintenance opportunity in a high demand rental market.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $4,300,000 | Building Class | C |
| Price Per Unit | $179,167 | Lot Size | 0.31 AC |
| Sale Type | Investment | Building Size | 11,769 SF |
| Cap Rate | 8.37% | Average Occupancy | 100% |
| No. Units | 24 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1958/2020 |
| Property Subtype | Apartment | Parking Ratio | 1.27/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | R-3 - Residential and Multifamily | ||
| Price | $4,300,000 |
| Price Per Unit | $179,167 |
| Sale Type | Investment |
| Cap Rate | 8.37% |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 11,769 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1958/2020 |
| Parking Ratio | 1.27/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R-3 - Residential and Multifamily |
Amenities
Unit Amenities
- Tile Floors
Site Amenities
- Courtyard
- Laundry Facilities
- Playground
- Gated
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 18 | - | 377 |
| 2+1 | 6 | - | 469 |
Moderately walkable
70/100
Moderately drivable
60/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $1,607,329 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,607,329
1 of 36
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Elite Real Estate Worldwide Inc
Regal Apartments | 6020 NW 13th Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.