Buy&Hold (Multifamily): (24 Units) Regal Apts, Miami, FL 33142 + $4,300,000
- Promise Land Realty
- Apr 7
- 2 min read
Updated: Apr 15
Price
$4,300,000
Fully Renovated 24-Unit Apartment Building – Miami, FL
Address: 6020 NW 13th Ave, Miami, FL 33142
Asking Price: $4,300,000
Total Units: 24
Gross Annual Rent: $400,000+ ($25,000/month)
Value-Add Potential: Further rent increases possible
Drive Folder - https://drive.google.com/drive/folders/1186BFurfQWDZXPBUmEalVsFKkIjMyB49?usp=drive_link
Property Highlights
Turnkey Investment – Fully renovated in 2020 with $400,000+ in upgrades, including a new roof, updated interiors, and modern amenities Diverse Unit Mix – 6 two-bedroom units, 15 one-bedroom units, and 3 studio apartments Prime Location – Situated in the heart of Miami, close to schools, parks, shopping centers, and major highways Secure & Private – Gated community with on-site laundry, courtyard, and playground Strong Cash Flow – Stable tenant base with room for rent appreciation
Investment Overview
Building Size: 11,769 SQ FT
Lot Size: 0.31 acres
7% Cap Rate: Competitive in the market with potential upside
Value-Add Opportunity: Further rent growth, premium amenity additions, or short-term rental conversion
This is a rare chance to acquire a high-performing multifamily asset in Miami’s thriving rental market.
Property Map
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