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Regal Apartments 6020 NW 13th Ave 24 Unit Apartment Building $6,095,056 CAD ($253,961 CAD/Unit) 7.65% Cap Rate Miami, FL 33142
Executive Summary
SELLER MOTIVATED This stabilized, cash-flowing 24-unit multifamily
property sits on a 13,300 SF corner lot in Miami’s
urban core and has been fully renovated with new
roofing, updated kitchens and bathrooms, modern
flooring, and added amenities including a laundry
room and playground. Operating as a gated
community, it offers privacy, safety, and strong tenant
appeal, resulting in consistent occupancy and reliable
collections. With its 40-year recertification already
completed, the asset provides investors with a
turnkey, low-maintenance opportunity in a high
demand rental market.
property sits on a 13,300 SF corner lot in Miami’s
urban core and has been fully renovated with new
roofing, updated kitchens and bathrooms, modern
flooring, and added amenities including a laundry
room and playground. Operating as a gated
community, it offers privacy, safety, and strong tenant
appeal, resulting in consistent occupancy and reliable
collections. With its 40-year recertification already
completed, the asset provides investors with a
turnkey, low-maintenance opportunity in a high
demand rental market.
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$688,004
|
$58.46
|
| Other Income |
$8,311
|
$0.71
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$696,316
|
$59.17
|
| Taxes |
$110,819
|
$9.42
|
| Operating Expenses |
$118,867
|
$10.10
|
| Total Expenses |
$229,687
|
$19.52
|
| Net Operating Income |
$466,629
|
$39.65
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $688,004 |
| Annual Per SF | $58.46 |
| Other Income (CAD) | |
|---|---|
| Annual | $8,311 |
| Annual Per SF | $0.71 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $696,316 |
| Annual Per SF | $59.17 |
| Taxes (CAD) | |
|---|---|
| Annual | $110,819 |
| Annual Per SF | $9.42 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $118,867 |
| Annual Per SF | $10.10 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $229,687 |
| Annual Per SF | $19.52 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $466,629 |
| Annual Per SF | $39.65 |
Property Facts
| Price | $6,095,056 CAD | Building Class | C |
| Price Per Unit | $253,961 CAD | Lot Size | 0.31 AC |
| Sale Type | Investment | Building Size | 11,769 SF |
| Cap Rate | 7.65% | 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 | $6,095,056 CAD |
| Price Per Unit | $253,961 CAD |
| Sale Type | Investment |
| Cap Rate | 7.65% |
| 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
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 18 | - | - |
| 2+1 | 6 | - | - |
Moderately walkable
70/100
Moderately drivable
60/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Total Assessment | $2,203,728 CAD (2025) | |
| Land Assessment | $0 CAD (2025) | Annual Taxes | $110,819 CAD ($9.42 CAD/SF) |
| Improvements Assessment | $0 CAD (2025) | Tax Year | 2024 |
Property Taxes
Parcel Numbers
Land Assessment
$0 CAD (2025)
Improvements Assessment
$0 CAD (2025)
Total Assessment
$2,203,728 CAD (2025)
Annual Taxes
$110,819 CAD ($9.42 CAD/SF)
Tax Year
2024
Contacts
-
Vicente Rodriguez -
Christopher Canizares -
Carlos Fausto Miranda -
Fausto Commercial Realty Consultants
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Regal Apartments | 6020 NW 13th Ave
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