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The Commons 20690 NW 27th Ave 24 Unit Apartment Building $4,761,785 CAD ($198,408 CAD/Unit) 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
DRASTIC PRICE REDUCTION LISTED AT $3,500,000!!!LOCATION!!!LOCATION!!!LOCATION!!! 24 UNITS APARTMENTBUILDING!!! IN THE HEART OF MIAMI GARDENS WITH MANY ANNUAL EVENTS!!!ALL MIAMI DOLPHIN GAMES!!GRAND PRIX RACE!!! OCCUPANCY RATE AT A 100%!!! NEWLY BUILT IN 2017!!! TILE FLOORS THROUGHOUT UNITS!!! GRANITE COUNTER TOPS!!!SITUATED ON ALMOST TWO ACRES OF LAND!!!OWNER MOTIVATED!!!DON'T MISS THE OPPORTUNITY TO OWN THIS PROPERTY.
Financial Summary (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$318,815
|
$21.32
|
| Other Income |
$4,068
|
$0.27
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$322,883
|
$21.59
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$207,208
|
$13.86
|
| Net Operating Income |
$115,675
|
$7.74
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $318,815 |
| Annual Per SF | $21.32 |
| Other Income (CAD) | |
|---|---|
| Annual | $4,068 |
| Annual Per SF | $0.27 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $322,883 |
| Annual Per SF | $21.59 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $207,208 |
| Annual Per SF | $13.86 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $115,675 |
| Annual Per SF | $7.74 |
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 | $915,500 CAD (2025) |
| Land Assessment | $599,750 CAD (2025) | Total Assessment | $1,515,250 CAD (2025) |
Property Taxes
Parcel Number
34-1133-003-0110
Land Assessment
$599,750 CAD (2025)
Improvements Assessment
$915,500 CAD (2025)
Total Assessment
$1,515,250 CAD (2025)
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Presented by
The NDI Group Inc.
The Commons | 20690 NW 27th Ave
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