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1680 NW 22nd Ct - CAZA AZUL 3 Unit Apartment Building Offered at $1,578,248 CAD at a 8.55% Cap Rate Miami, FL 33125
Investment Highlights
- $10,000+ Monthly Income – Strong in-place cash flow from a proven long-term + Airbnb rental mix
- Flexible Unit Mix – Duplex operating as a triplex: (2) 1/1 units + (1) spacious 4/3 unit
- Ample Parking – 6+ on-site parking spaces, ideal for short-term rentals and tenant demand
- Turnkey Asset – New roof, impact windows/doors, updated kitchens & baths, new plumbing, sewer connection
- Value-Add Opportunity – Ability to add a 4th unit, creating immediate upside and higher NOI
- Prime Allapattah Location – High-demand rental corridor with strong appreciation and redevelopment activity
Executive Summary
Allapattah Cash-Flow Powerhouse | $10,000+ Monthly Income | Value-Add Upside
Positioned in one of Miami’s fastest-growing rental corridors, this high-performing duplex operating as a triplex delivers exceptional in-place cash flow with clear expansion potential. Generating over $10,000 per month, the property offers investors a rare blend of turnkey income, short-term rental flexibility, and future upside—all on a fully fenced 7,000 SF lot with ample parking.
The 3,200 SF building features a versatile unit mix with two 1-bedroom/1-bath units and a large 4-bedroom/3-bath unit. One unit is stabilized with a long-term tenant, while the remaining units are successfully operated as Airbnb, allowing investors to maintain a hybrid rental strategy or fully convert to long- or short-term use. Extensive renovations have already been completed, minimizing deferred maintenance and capital risk.
Positioned in one of Miami’s fastest-growing rental corridors, this high-performing duplex operating as a triplex delivers exceptional in-place cash flow with clear expansion potential. Generating over $10,000 per month, the property offers investors a rare blend of turnkey income, short-term rental flexibility, and future upside—all on a fully fenced 7,000 SF lot with ample parking.
The 3,200 SF building features a versatile unit mix with two 1-bedroom/1-bath units and a large 4-bedroom/3-bath unit. One unit is stabilized with a long-term tenant, while the remaining units are successfully operated as Airbnb, allowing investors to maintain a hybrid rental strategy or fully convert to long- or short-term use. Extensive renovations have already been completed, minimizing deferred maintenance and capital risk.
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Breakfast Nook
- Family Room
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 6+5 | 1 | $1.35 CAD | 1 |
Walk Score®
Very Walkable (70)
Property Taxes
| Parcel Number | 01-3134-027-0280 | Improvements Assessment | $562,882 CAD |
| Land Assessment | $381,316 CAD | Total Assessment | $944,197 CAD |
Property Taxes
Parcel Number
01-3134-027-0280
Land Assessment
$381,316 CAD
Improvements Assessment
$562,882 CAD
Total Assessment
$944,197 CAD
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1680 NW 22nd Ct - CAZA AZUL
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