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Dennis Lue Yat

dennis@luxeiq.com +1(561) 589-1400

$9,500,000

Est. payment - /mo

40,199 SqFt

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 40,199 sqft

Price per Sqft $236

MLS Listing ID A12042743

HOA Y/N No

Total Fin. Sqft 40199

Year Built 2023

Annual Tax Amount $2,025

Tax Year 2025

Property Sub-Type Quadruplex

Property Description

An exceptional opportunity to acquire a newly constructed, 23-unit multifamily property located at 2321 NW 22nd Avenue in Miami, Florida. Completed in June 2023, this four-story asset features modern architecture, high-quality finishes, and 29 covered parking spaces. With a stable in-place NOI of $480,918 and 96% of units currently leased, the property offers immediate cash flow with additional upside potential (Building have 12 storage units).Strategically positioned in one of Miami's rapidly evolving neighborhoods, the property benefits from excellent connectivity to major transportation corridors, employment centers, and a diverse mix of retail, dining, and entertainment destinations. Additionally, the property is located within a designated Opportunity Zone, providing investors with significant long-term tax advantages. The property is being offered at $238 by SF, which represents a considerably discount to repositioning cost, creating an attractive basis for investors.

Location

Subdivision Allapattah Highlands Add

State FL

County Miami-dade

Area 2310

Zoning 6101

Interior

Interior Features InteriorFeatures

Heating Central

Cooling Central Air

Flooring Laminate

Fireplace No

Exterior

Utilities Available Cable Available

Amenities Available Elevator(s)

Roof Type Concrete

Total Parking Spaces 29

Private Pool No

Building

Lot Description 1/4 to 1/2 Acre Lot, Sprinklers Automatic

Dwelling Type Multi Family

Story 4

Sewer Public Sewer

Structure Type Block

Schools

Elementary Schools Comstock

Middle Schools Georgia Jones-Ayers

High Schools Miami Jackson

Others

Tax ID 0131270180142

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Virtual Tour https://www.propertypanorama.com/instaview/mia/A12042743

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Listed by Americo Dagostini A & D Group Realty LLC

Nearby School & Business

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Dennis Lue Yat

+1(561) 589-1400

Broker | REALTOR® | SL3301099

Broker | REALTOR® SL3301099

Popular Cities & Towns In Palm Beach County

2311 NW 22nd AVE Miami, FL 33142

Dennis Lue Yat

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby School & Business

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