Log In/Sign Up
Your email has been sent.
Allapattah 23 2311-2325 NW 22nd Ave 23 Unit Apartment Building $13,498,645 CAD ($586,898 CAD/Unit) 5.06% Cap Rate Miami, FL 33142
Investment Highlights
- Allapattah area just northwest of Downtown Miami excellent connectivity to Dolphin Expressway, I-95 and Miami International Airport
Executive Summary
An exceptional opportunity to acquire a newly constructed, 23- unit multifamily (plus 12 storage units) property located at 2311 NW 22nd Avenue in Miami, Florida. The property offers immediate cash flow with stable in-place NOI of $480,918 (96% occupancy) and additional upside potential. Strategically positioned in one of Miami's rapidly evolving neighborhood and adjacent to Wynwood, Jackson Health System, Miami Design District, Miami International Airport, Downtown/Brickell and Miami Beach. The property is being offered at $238 by SF, which represents a considerably discount to repositioning cost, creating an attractive basis for investors.
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$1,270,720
|
$31.88
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$63,536
|
$1.59
|
| Effective Gross Income |
$1,207,184
|
$30.29
|
| Taxes |
$191,257
|
$4.80
|
| Operating Expenses |
$148,772
|
$3.73
|
| Total Expenses |
$340,029
|
$8.53
|
| Net Operating Income |
$867,154
|
$21.76
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $1,270,720 |
| Annual Per SF | $31.88 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $63,536 |
| Annual Per SF | $1.59 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $1,207,184 |
| Annual Per SF | $30.29 |
| Taxes (CAD) | |
|---|---|
| Annual | $191,257 |
| Annual Per SF | $4.80 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $148,772 |
| Annual Per SF | $3.73 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $340,029 |
| Annual Per SF | $8.53 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $867,154 |
| Annual Per SF | $21.76 |
Property Facts
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 | $2,842 CAD | 705 - 772 |
| 2+1 | 7 | $3,395 CAD | 871 - 1,039 |
| 2+2 | 3 | $3,690 CAD | 1,106 - 1,231 |
| 3+2 | 9 | $4,258 CAD | 1,420 |
Exceptionally walkable
90/100
Moderately drivable
60/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 01-3127-018-0142 | Total Assessment | $7,815,005 CAD (2025) |
| Land Assessment | $1,239,225 CAD (2025) | Annual Taxes | $191,257 CAD ($4.80 CAD/SF) |
| Improvements Assessment | $6,575,780 CAD (2025) | Tax Year | 2026 Payable 2027 |
Property Taxes
Parcel Number
01-3127-018-0142
Land Assessment
$1,239,225 CAD (2025)
Improvements Assessment
$6,575,780 CAD (2025)
Total Assessment
$7,815,005 CAD (2025)
Annual Taxes
$191,257 CAD ($4.80 CAD/SF)
Tax Year
2026 Payable 2027
1 of 31
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Allapattah 23 | 2311-2325 NW 22nd 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.