3909 Garden Ave 4 Unit Apartment Building $3,952,380 CAD ($988,095 CAD/Unit) 5% Cap Rate Miami, FL 33140
INVESTMENT HIGHLIGHTS
- Minutes from Interstate 195
- 3 minutes from Miami Beach Golf Club and Pickelball Court
- Minutes from Mount Sinai Medical Campus
EXECUTIVE SUMMARY
Introducing a Revival Masterpiece, corner Building at the heart of Miami Beach.Modern luxury building featuring four contemporary-style apartments (2 beds/2 baths, 1,000 SF each), designed with high-end finishes and a touch of glamour. Each unit is equipped with its washer and dryer, offering residents convenience and comfort. Situated in one of Miami Beach's most desirable areas, surrounded by schools, luxury villas, and new construction projects valued over $6M. The location offers a vibrant community, top-rated schools, restaurants, offices, and the beach, all within walking distance. Great Income: Each apartment generates $4,000/mo. This building can also apply for a Residential loan at a Favorable rate. Building Renovated & fully permitted. THE ULTIMATE MIAMI BEACH LIVING
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$267,098
|
$51.36
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$267,098
|
$51.36
|
| Taxes |
$48,538
|
$9.33
|
| Operating Expenses |
$30,578
|
$5.88
|
| Total Expenses |
$79,116
|
$15.21
|
| Net Operating Income |
$187,982
|
$36.15
|
PROPERTY FACTS
| Price | $3,952,380 CAD |
| Price Per Unit | $988,095 CAD |
| Sale Type | Investment |
| Cap Rate | 5% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 5,200 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1948/2022 |
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Security System
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- Granite Countertops
- High Speed Internet Access
- Ice Maker
- Refrigerator
- Satellite TV
- Oven
- Stainless Steel Appliances
- Range
- Views
- Walk-In Closets
- Wi-Fi
- Yard
- Attic
- Grill
- Deck
- Dining Room
- Double Pane Windows
- Family Room
- Freezer
- Garden
- Island Kitchen
- Lawn
- Pantry
- Patio
- Trash Compactor
- Wheelchair Accessible (Rooms)
- Window Coverings
SITE AMENITIES
- 24 Hour Access
- Courtyard
- Fenced Lot
- Picnic Area
- Playground
- Gated
- Gas Range
- Maid Service
- Trash Pickup - Door to Door
- Wi-Fi
- Community-Wide WiFi
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 4 | $5,547 CAD | 1,000 |
Walk Score®
Very Walkable (84)
ZONING
| Zoning Code | 4700 MULTI-FAMILY - CO-OP (0407 RESIDENTIAL) |
