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Allapattah 23 2311-2325 NW 22nd Ave 23 Unit Apartment Building $15,355,119 CAD ($667,614 CAD/Unit) 5.24% Cap Rate Miami, FL 33142
INVESTMENT HIGHLIGHTS
- Brand new multifamily property in the Health District
- Modern design with high-quality finishes and covered parking
- Strong rental demand in rapidly developing and desirable neighborhood
- Stable NOI of $575,983 with significant upside potential
- Excellent connectivity to major routes, employment, and amenities
EXECUTIVE SUMMARY
Colliers is pleased to present the opportunity to acquire a newly constructed, 23-unit multifamily property located at 2321 NW 22nd Avenue in Miami, Florida. Built in June 2023, this four story building offers modern design, high-quality finishes, and 29 covered parking spaces, providing a premium living experience for its residents.
With a stable in-place Net Operating Income (NOI) of $575,983 and 91% of the units currently leased, the property presents immediate cash flow with strong upside potential through continued leasing and future rent growth. The unit mix is designed to attract young professionals and families, capitalizing on the demand for contemporary urban living spaces.
With a stable in-place Net Operating Income (NOI) of $575,983 and 91% of the units currently leased, the property presents immediate cash flow with strong upside potential through continued leasing and future rent growth. The unit mix is designed to attract young professionals and families, capitalizing on the demand for contemporary urban living spaces.
DATA ROOM Click Here to Access
PROPERTY FACTS
| Price | $15,355,119 CAD | Lot Size | 0.42 AC |
| Price Per Unit | $667,614 CAD | Building Size | 39,855 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 5.24% | No. Stories | 4 |
| No. Units | 23 | Year Built | 2023 |
| Property Type | Multifamily | Parking Ratio | 0.73/1,000 SF |
| Property Subtype | Apartment | Cross Streets | NW 23rd St |
| Apartment Style | Mid-Rise | Opportunity Zone |
Yes
|
| Building Class | A | ||
| Zoning | RU-3 | ||
| Price | $15,355,119 CAD |
| Price Per Unit | $667,614 CAD |
| Sale Type | Investment |
| Cap Rate | 5.24% |
| No. Units | 23 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | A |
| Lot Size | 0.42 AC |
| Building Size | 39,855 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 2023 |
| Parking Ratio | 0.73/1,000 SF |
| Cross Streets | NW 23rd St |
| Opportunity Zone |
Yes |
| Zoning | RU-3 |
AMENITIES
UNIT AMENITIES
- Storage Space
SITE AMENITIES
- 24 Hour Access
- Storage Space
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | 755 |
| 2+1 | 8 | - | 993 |
| 2+2 | 3 | - | 1,211 |
| 2+2.5 | 8 | - | 1,234 |
Walk Score®
Very Walkable (83)
PROPERTY TAXES
| Parcel Number | 01-3127-018-0142 | Improvements Assessment | $6,529,918 CAD |
| Land Assessment | $1,230,582 CAD | Total Assessment | $7,760,500 CAD |
PROPERTY TAXES
Parcel Number
01-3127-018-0142
Land Assessment
$1,230,582 CAD
Improvements Assessment
$6,529,918 CAD
Total Assessment
$7,760,500 CAD
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Allapattah 23 | 2311-2325 NW 22nd Ave
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