2311-2325 NW 22nd Ave - Apartments FOR SALE


Miami, FL 33142
$11,500,000 USD
305-613-4507
2311-2325 NW 22nd Ave, Miami, FL for Sale
$11,500,000 USD
Apartments - FOR SALE
1/42
null | 5.01% Cap Rate

2311-2325 NW 22nd Ave
Miami, FL 33142


HIGHLIGHTS

  • Brand new multifamily property in the Health District
  • Stable NOI of $575,983 with significant upside potential
  • Modern design with high-quality finishes and covered parking
  • Excellent connectivity to major routes, employment, and amenities
  • Strong rental demand in rapidly developing and desirable neighborhood

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$11,500,000 USD

PRICE/SF

$289 USD /SF

# OF UNITS

23

PRICE/UNIT

$500,000

CAP RATE

5.01%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Allapattah 23

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2023

PARKING SPACES

29

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,158 SF

ZONING

RU-3

APN/PARCEL ID

01-3127-018-0140,01-3127-018-0141,01-3127-018-0142

ASK ABOUT THIS PROPERTY

Virgilio FernandezColliersMore Info
305-613-4507

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Virgilio FernandezColliersMore Info
305-613-4507

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.