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The Commons 20690 NW 27th Ave

24 Unit Block of Flats £2,738,575 (£114,107/Unit) Miami Gardens, FL 33056

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Investment Highlights

Less than a mile from Hard Rock Stadium
Property is on a 2 acre parcel

Modern finishes as it was built in 2017

Executive Summary

DRASTIC PRICE REDUCTION LISTED AT $3,500,000!!!LOCATION!!!LOCATION!!!LOCATION!!! 24 UNITS APARTMENTBUILDING!!! IN THE HEART OF MIAMI GARDENS WITH MANY ANNUAL EVENTS!!!ALL MIAMI DOLPHIN GAMES!!GRAND PRIX RACE!!! OCCUPANCY RATE AT A 100%!!! NEWLY BUILT IN 2017!!! TILE FLOORS THROUGHOUT UNITS!!! GRANITE COUNTER TOPS!!!SITUATED ON ALMOST TWO ACRES OF LAND!!!OWNER MOTIVATED!!!DON'T MISS THE OPPORTUNITY TO OWN THIS PROPERTY.

RentRoll 2024

floorplans

2023-06 Fin. Stmt - RUDG The Commons LLC (1)

Rental Regulatory Agreement - Miami Dade County RECORDED

Mortgage Deed and Restrictive Covenant

Amended Mortgage and Restrictive Covenant

Financial Summary (Actual - 2023)	Annual	Annual Per SF
Gross Rental Income	£183,355	£12.26
Other Income	£2,340	£0.16
Vacancy Loss	-	-
Effective Gross Income	£185,695	£12.42
Taxes	-	-
Operating Expenses	-	-
Total Expenses	£119,169	£7.97
Net Operating Income	£66,526	£4.45

Financial Summary (Actual - 2023)

Gross Rental Income
Annual	£183,355
Annual Per SF	£12.26

Other Income
Annual	£2,340
Annual Per SF	£0.16

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	£185,695
Annual Per SF	£12.42

Taxes
Annual	-
Annual Per SF	-

Operating Expenses
Annual	-
Annual Per SF	-

Total Expenses
Annual	£119,169
Annual Per SF	£7.97

Net Operating Income
Annual	£66,526
Annual Per SF	£4.45

Property Facts

Price	£2,738,575	Lot Size	2.00 AC
Price Per Unit	£114,107	Building Size	14,952 SF
Sale Type	Investment	Average Occupancy	100%
No. Units	24	Number of Floors	1
Property Type	Residential	Year Built	2018
Property Subtype	Apartment Multifamily Dormitory	Parking Ratio	3.48/1,000 SF
Apartment Style	Low Rise	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Building Class	C

Price	£2,738,575
Price Per Unit	£114,107
Sale Type	Investment
No. Units	24
Property Type	Residential
Property Subtype	Apartment Multifamily Dormitory
Apartment Style	Low Rise
Building Class	C
Lot Size	2.00 AC
Building Size	14,952 SF
Average Occupancy	100%
Number of Floors	1
Year Built	2018
Parking Ratio	3.48/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.