28 unit apartment complex located in North Miami, FL

4849

Property ID

29,185 SqFt

Size

Description

28 unit apartment complex located in North Miami, FL.​

The Dorian was a former condominium project that was reverted back to multi-family in 2021.​

Most of the units have renovated interiors, but the exterior improvements include impact windows, new roof, new split air conditioning systems, new impact from doors, gated entrances, security camera surveillance,

Unit mix include 24 one bedroom, one bath and 4 studios.​

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Address

Address: 13201 Memorial Hwy, North Miami, FL 33161
  • Country: United States
  • Province / State: Florida
  • City / Town: Miami
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  • Property ID 4849
  • Price $5,320,000
  • Property Type Multifamily
  • Property status For sale
  • Size 29,185 SqFt
  • Parking 35
  • Units 28
  • Price Per Sqft $182.29
  • Subtype Apartment Building
  • Investment Type Stabilized
  • Class B
  • Net Rentable (sq ft) 15,578
  • Cap Rate 4.46%
  • Pro-Forma Cap Rate 5.13%
  • Occupancy 100%
  • Occupancy Date 04/01/2022
  • NOI $237,151
  • Pro-Forma NOI $273,124
  • Year Built 1968
  • Year Renovated 2020
  • Buildings 1
  • Stories 2
  • Broker Co-Op No
  • Price/Unit $190,000
  • Ground Lease No
  • Ownership fee simple

Contact

Zena Bardawell Farah

Property Agent
+1 305-967-7200
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