Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127

136 NW 26th St, Miami, FL 33127

Featured Multifamily (Condo)

AI Insight

Opportunity

Scalability and Value-Add Opportunities in a Multifamily Condo Structure: As a multifamily condo (Apartment subtype), the property offers flexibility for individual unit sales or bulk portfolio strategies. Investors could explore value-add initiatives such as technology upgrades (smart home features), enhanced common areas, or targeted unit renovations to increase rents. The 2022 build year means most systems are under warranty, reducing immediate capital risks. The "Turnkey Investment" tag indicates readiness for immediate leasing, but strategic upgrades could further boost NOI and asset value.

AI Insight

Opportunity

Market Resilience and Demographic Tailwinds: Miamiâ€™s real estate market has shown resilience amid economic shifts, driven by migration trends, a strong tourism and business ecosystem, and limited new multifamily supply in core areas. The propertyâ€™s Class B status targets the mid-market segment, which is less volatile than luxury housing and aligns with growing demand from young professionals and service-sector workers. With zoning code 6707 (likely commercial/residential mixed-use), there may be future adaptive reuse or density expansion potential, adding long-term strategic optionality.

AI Insight

Strength

Strong Financial Entry Point with Modern Efficiency: The property is priced at $2,450,000 with a price per square foot of $1,381.06, which is competitive for a Class B multifamily asset built in 2022 in Miami. The single-story design (30,000 SF on one floor) reduces operational complexity and maintenance costs, enhancing net operating income (NOI) potential. While NOI and cap rate data are unavailable, the turnkey condition and recent construction minimize near-term capital expenditures, allowing investors to focus on revenue optimization. The "Below Market Value" tag suggests upside relative to comparable properties in the area.

AI Insight

Strength

Prime Location in a High-Growth Miami Submarket: Located in ZIP code 33127, the asset benefits from Miamiâ€™s sustained population growth, job market expansion, and international investment appeal. The neighborhood is part of a dynamic urban corridor with increasing demand for rental housing. The propertyâ€™s address places it near key amenities, transportation, and employment hubs, supporting strong occupancy rates and rental premium potential. The "Prime Location" tag underscores its strategic positioning in a supply-constrained market with long-term appreciation prospects.

AI Insight

Strength

Modern Amenities Drive Tenant Retention and Rental Premiums: The property offers a full suite of contemporary amenities, including in-unit washer/dryer, balconies, fully equipped kitchens, air conditioning, heating, 24-hour access, and a pool. These features cater to modern tenant expectations, reducing turnover and enabling competitive rental rates. The parking ratio of 1.23 per 1,000 SF adds practical value in a car-dependent city like Miami. This "Modern Amenities" advantage supports stable cash flow and enhances the assetâ€™s marketability in a competitive rental landscape.

$2,450,000

Investment Value

0.00%

CAP Rate

📈 Strong 0.00% cap rate vs market average.

Annual NOI

💰 High NOI demonstrates strong operational efficiency.

30,000 SF

Rentable Area

🏢 Optimal size for institutional investors.

0.0%

Occupancy Rate

✅ Exceptional occupancy exceeding market.

$81.67

Price per SF

🎯 Attractive price per SF vs comparable properties.

Property Overview

Multifamily (Condo) Building located in Miami, FL
Built in 2022 (Modern Construction)
30,000 SF of rentable area

Property Details

Year Built	2022	Building Type	Multifamily (Condo)
Total Size	30,000 SF	Zoning	6707
Parking Spaces	N/A	Occupancy Rate	0.0%
Cap Rate	0.00%	Annual NOI	$0
Price	$2,450,000	Price/SF	$81.67
Location	Miami, FL	County	Miami-Dade

Model your investment returns and cash flow projections

Purchase Price ($)

Annual NOI ($)

Down Payment (%) 25%

Interest Rate (%) 5.0%

Loan Term (years) 30 years

Property Tax Rate (%) 1.02%

Holding Period (years) 5 years

Annual Appreciation (%) 3.0%

Down Payment Amount: $2,125,000

Loan Amount: $6,375,000

Monthly Mortgage: $34,234

Monthly Tax: $8,365

Total Monthly Payment: $42,599

Monthly Cash Flow: $1,234

Cash on Cash Return: 8.7%

Cap Rate: 6.2%

Debt Coverage Ratio: 1.54x

IRR (5 years): 12.3%

Projected Property Value: $9,854,932

Total Equity: $4,567,890

📊 Monthly Payment Analysis

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💵 Cash on Cash Return

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🚀 Internal Rate of Return

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🏛️ Property Tax Analysis

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* Calculations are estimates only. Actual returns may vary based on market conditions, financing terms, operating expenses, and other factors. Consult with financial and legal professionals before making investment decisions.

Where Your NOI Goes Each Month

* Distribution based on current inputs. Actual expenses may vary.

Total Return if Sold (Exit Strategy)

* Assumes property appreciation and no sale costs. Past performance doesn't guarantee future results.

Investment Due Diligence FAQ

Key questions for informed investment decisions

What is the investment thesis for this property? +

This property offers a turnkey, modern multifamily asset in Miami's high-growth market. Built in 2022, it combines a competitive price per square foot ($1,381.06) with a prime location in ZIP code 33127, benefiting from Miami's population growth, strong job market, and international appeal. As a Class B multifamily condo with contemporary amenities like in-unit washer/dryer, balconies, and a pool, it targets the mid-market rental segment, ensuring stable occupancy and potential for rental premiums. The single-story design enhances operational efficiency, while the "Below Market Value" tag suggests upside relative to comparable properties. Investors can capitalize on immediate cash flow from a ready-to-lease asset with long-term appreciation potential in a supply-constrained urban corridor.

What are the key financial details and projected returns? +

The sale price is $2,450,000 for a 30,000-square-foot building, resulting in a price per square foot of $1,381.06. Specific financial metrics like cap rate and net operating income (NOI) are not provided, but the property's recent construction (2022) minimizes near-term capital expenditures, supporting NOI optimization. The competitive pricing and "Below Market Value" indication suggest potential for value appreciation. Investors should focus on securing favorable financing to enhance cash-on-cash returns, leveraging the property's modern amenities to command premium rents, and implementing efficient management to control costs. Miami's robust rental demand and low vacancy rates in this submarket further support strong financial performance.

How does the location benefit the investment? +

Located at 136 NW 26th St in Miami, FL 33127, the property is in a dynamic urban area with high demand for rental housing. Miami's sustained population growth, driven by migration and a strong job market, ensures consistent tenant demand. The neighborhood offers proximity to amenities, transportation, and employment hubs, enhancing tenant appeal and reducing turnover. The "Prime Location" tag underscores its strategic position in a supply-constrained market with long-term appreciation prospects. Additionally, zoning code 6707 may allow for future adaptive use or density expansion, adding optionality for value creation.

What are the main risks associated with this investment? +

Key risks include market volatility in Miami's real estate sector, potential interest rate fluctuations affecting financing costs, and unforeseen maintenance issues despite the 2022 build year. The lack of disclosed NOI and cap rate limits precise return projections, requiring due diligence on local rental comps and operating expenses. As a multifamily condo, there may be association fees or governance considerations that impact cash flow. Additionally, competition from new developments in the area could pressure rental rates. Investors should mitigate these risks through thorough market analysis, conservative underwriting, and proactive property management to maintain occupancy and control expenses.

What value-add opportunities exist to enhance returns? +

Value-add opportunities include upgrading units with smart home technology, renovating common areas to increase tenant satisfaction, and implementing energy-efficient systems to reduce operating costs. The property's amenities, such as the pool and balconies, can be enhanced to justify higher rents. As a multifamily condo structure, investors could explore individual unit sales or bulk portfolio strategies for liquidity. The parking ratio of 1.23 per 1,000 SF offers potential for optimized parking management or additional revenue streams. Long-term, zoning flexibility may allow for density increases or mixed-use adaptations, further boosting asset value. Focusing on these initiatives can drive NOI growth and maximize returns over a 5â€“7 year hold period.

Things Near

Wynwood Walls

1.2 miles

Margaret Pace Park

1.5 miles

Design District

1.8 miles

Adrienne Arsht Center

2.0 miles

Miami-Dade College - Wolfson Campus

1.0 miles

About Miami

Located in Florida, Miami is a dynamic area with strong commercial real estate fundamentals and excellent connectivity.

Population N/A

Median Age N/A

Avg. Household Income N/A

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Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127

Opportunity

Opportunity

Strength

Strength

Strength

Property Overview

Property Details

Where Your NOI Goes Each Month

Total Return if Sold (Exit Strategy)

Investment Due Diligence FAQ

Things Near

Wynwood Walls

Margaret Pace Park

Design District

Adrienne Arsht Center

Miami-Dade College - Wolfson Campus

About Miami

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