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The Commons 20690 NW 27th Ave

24 Unit Apartment Building $4,961,145 CAD ($206,714 CAD/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.

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

Rental Regulatory Agreement - Miami Dade County RECORDED

Mortgage Deed and Restrictive Covenant

RentRoll 2024

floorplans

Amended Mortgage and Restrictive Covenant

Financial Summary (Actual - 2023)	Annual (CAD)	Annual Per SF (CAD)
Gross Rental Income	$332,163	$22.22
Other Income	$4,238	$0.28
Vacancy Loss	-	-
Effective Gross Income	$336,401	$22.50
Taxes	-	-
Operating Expenses	-	-
Total Expenses	$215,884	$14.44
Net Operating Income	$120,518	$8.06

Financial Summary (Actual - 2023)

Gross Rental Income (CAD)
Annual	$332,163
Annual Per SF	$22.22

Other Income (CAD)
Annual	$4,238
Annual Per SF	$0.28

Vacancy Loss (CAD)
Annual	-
Annual Per SF	-

Effective Gross Income (CAD)
Annual	$336,401
Annual Per SF	$22.50

Taxes (CAD)
Annual	-
Annual Per SF	-

Operating Expenses (CAD)
Annual	-
Annual Per SF	-

Total Expenses (CAD)
Annual	$215,884
Annual Per SF	$14.44

Net Operating Income (CAD)
Annual	$120,518
Annual Per SF	$8.06

Property Facts

Price	$4,961,145 CAD	Lot Size	2.00 AC
Price Per Unit	$206,714 CAD	Building Size	14,952 SF
Sale Type	Investment	Average Occupancy	100%
No. Units	24	No. Stories	1
Property Type	Multifamily	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	$4,961,145 CAD
Price Per Unit	$206,714 CAD
Sale Type	Investment
No. Units	24
Property Type	Multifamily
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%
No. Stories	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.