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Regal Apartments 6020 NW 13th Ave 24 Unit Apartment Building $6,756,757 CAD ($281,532 CAD/Unit) 6.87% Cap Rate Miami, FL 33142
EXECUTIVE SUMMARY
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 |
$684,870
|
$58.19
|
| Other Income |
$8,274
|
$0.70
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$693,144
|
$58.90
|
| Taxes |
$110,314
|
$9.37
|
| Operating Expenses |
$118,326
|
$10.05
|
| Total Expenses |
$228,640
|
$19.43
|
| Net Operating Income |
$464,504
|
$39.47
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $684,870 |
| Annual Per SF | $58.19 |
| Other Income (CAD) | |
|---|---|
| Annual | $8,274 |
| Annual Per SF | $0.70 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $693,144 |
| Annual Per SF | $58.90 |
| Taxes (CAD) | |
|---|---|
| Annual | $110,314 |
| Annual Per SF | $9.37 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $118,326 |
| Annual Per SF | $10.05 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $228,640 |
| Annual Per SF | $19.43 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $464,504 |
| Annual Per SF | $39.47 |
PROPERTY FACTS
| Price | $6,756,757 CAD | Building Class | C |
| Price Per Unit | $281,532 CAD | Lot Size | 0.31 AC |
| Sale Type | Investment | Building Size | 11,769 SF |
| Cap Rate | 6.87% | 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 | $6,756,757 CAD |
| Price Per Unit | $281,532 CAD |
| Sale Type | Investment |
| Cap Rate | 6.87% |
| 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 | - | - |
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $2,222,132 CAD (2025) | |
| Land Assessment | $0 CAD (2025) | Annual Taxes | $110,314 CAD ($9.37 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
$2,222,132 CAD (2025)
Annual Taxes
$110,314 CAD ($9.37 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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