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Regal Apartments 6020 NW 13th Ave 24 Unit Apartment Building $6,028,792 CAD ($251,200 CAD/Unit) 7.65% 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 |
$680,525
|
$57.82
|
| Other Income |
$8,221
|
$0.70
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$688,746
|
$58.52
|
| Taxes |
$109,614
|
$9.31
|
| Operating Expenses |
$117,575
|
$9.99
|
| Total Expenses |
$227,190
|
$19.30
|
| Net Operating Income |
$461,556
|
$39.22
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $680,525 |
| Annual Per SF | $57.82 |
| Other Income (CAD) | |
|---|---|
| Annual | $8,221 |
| Annual Per SF | $0.70 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $688,746 |
| Annual Per SF | $58.52 |
| Taxes (CAD) | |
|---|---|
| Annual | $109,614 |
| Annual Per SF | $9.31 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $117,575 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $227,190 |
| Annual Per SF | $19.30 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $461,556 |
| Annual Per SF | $39.22 |
PROPERTY FACTS
| Price | $6,028,792 CAD | Building Class | C |
| Price Per Unit | $251,200 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 | $6,028,792 CAD |
| Price Per Unit | $251,200 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 | - | - |
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $2,236,180 CAD (2025) | |
| Land Assessment | $0 CAD (2025) | Annual Taxes | $109,614 CAD ($9.31 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
$2,236,180 CAD (2025)
Annual Taxes
$109,614 CAD ($9.31 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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