This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

Dorian Apartments 13201 Memorial Hwy

28 Unit Block of Flats £4,307,940 (£153,855/Unit) 5.24% Net Initial Yield North Miami, FL 33161

Investment Highlights

  • Strong Rental Market
  • Booming real estate area
  • Low Vacancies on the Area
  • 15 minutes from the Golden Glades intersection

Executive Summary

Dalan Realty is proud to present "Dorian Apartments", a 28 Unit Apartment complex located in North Miami Beach, Florida. Most of the units has been renovated in the interiors. The building feature improvements such as impact windows, impact doors and windows, shingle roof (2018) , gated entrance and a remote surveillance camera system. 40 year Certification passed on December 2018, next certification on December 2028.
Unit Mix includes 24 one bedroom units and 4 Studios. Rent Average $1,500. Several units include granite kitchens and tile
floors. All units have split air conditioning units and smoke alarms. Plenty of parking spaces on the front and rear of the property.
Beautiful garden area after the parking.

Data Room Click Here to Access

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price £4,307,940
Price Per Unit £153,855
Sale Type Investment
Net Initial Yield 5.24%
No. Units 28
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class B
Lot Size 0.67 AC
Building Size 15,575 SF
Average Occupancy 100%
Number of Floors 2
Year Built/Renovated 1968/2020
Parking Ratio 2.05/1,000 SF

Unit Amenities

  • Granite Countertops
  • Stainless Steel Appliances

Site Amenities

  • 24 Hour Access
  • Courtyard
  • Fenced Lot
  • Laundry Facilities
  • Playground
  • Security System
  • Gated

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
Studios 4 - 515
1+1 24 - 625

zoning

Zoning Code 3800 (**Prime Location, Prime Returns**: Situated in a location known for its high growth potential and strong rental market.)
3800 (**Prime Location, Prime Returns**: Situated in a location known for its high growth potential and strong rental market.)
  • Listing ID: 33313242

  • Date on Market: 26/09/2024

  • Last Updated:

  • Address: 13201 Memorial Hwy, North Miami, FL 33161

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}