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Airport View II 4271 NW S Tamiami Canal Dr 24 Unit Apartment Building £4,886,310 (£203,596/Unit) 5.50% Net Initial Yield Miami, FL 33126
EXECUTIVE SUMMARY
Eco Stone Group Investments is pleased to present a 24-unit multifamily property located at 4271 NW South Tamiami Canal, in the heart of Miami, the largest epicenter for the Hispanic community. Its density and desirability have allowed for rapid growth in rents and capital appreciation for the area. The property is in the center of prime destinations like Miami International Airport, The Health districts, Brickell and Miami freedom Park stadium (New stadium inter Miami) multiple transit systems, and offers easy access to public transportation, expressways, and major highways, creating high demand for both tenants and landlords.
The property features:
- 24 separate units, 9units 2 bed and 1 bath (approx 750 sq.ft.), and 15units 1Bed 1 bath which are larger (approx. 580sqf)
- Separate electric meters for each unit.
- 100% of the units have been renovated.
- A parking space for each unit. Plus visitor parking
-
The property features:
- 24 separate units, 9units 2 bed and 1 bath (approx 750 sq.ft.), and 15units 1Bed 1 bath which are larger (approx. 580sqf)
- Separate electric meters for each unit.
- 100% of the units have been renovated.
- A parking space for each unit. Plus visitor parking
-
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER sq ft |
|---|---|---|
| Gross Rental Income |
£373,136
|
£21.86
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£373,136
|
£21.86
|
| Taxes |
£48,410
|
£2.84
|
| Operating Expenses |
£56,431
|
£3.31
|
| Total Expenses |
£104,841
|
£6.14
|
| Net Operating Income |
£268,295
|
£15.72
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £373,136 |
| Annual Per sq ft | £21.86 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Effective Gross Income | |
|---|---|
| Annual | £373,136 |
| Annual Per sq ft | £21.86 |
| Taxes | |
|---|---|
| Annual | £48,410 |
| Annual Per sq ft | £2.84 |
| Operating Expenses | |
|---|---|
| Annual | £56,431 |
| Annual Per sq ft | £3.31 |
| Total Expenses | |
|---|---|
| Annual | £104,841 |
| Annual Per sq ft | £6.14 |
| Net Operating Income | |
|---|---|
| Annual | £268,295 |
| Annual Per sq ft | £15.72 |
PROPERTY FACTS
| Price | £4,886,310 | Costar Property Class | C |
| Price Per Unit | £203,596 | Total Plot Size | 0.46 ac |
| Sale Type | Investment | Property Size | 17,069 sq ft |
| Yield | 5.50% | Average Occupancy | 100% |
| No. Units | 24 | No. Floors | 3 |
| Property Type | Build-to-Rent | Year Built | 1971 |
| Property Subtype | Apartment | Parking Allocation | 1.76/1,000 sq ft |
| Apartment Style | Low-Rise | ||
| Use Class | RU-3 - Four-Unit Apartment for residential zoning, allowing up to four families per lot with uses such as apartment buildings, swimming pools, and sheds | ||
| Price | £4,886,310 |
| Price Per Unit | £203,596 |
| Sale Type | Investment |
| Yield | 5.50% |
| No. Units | 24 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Costar Property Class | C |
| Total Plot Size | 0.46 ac |
| Property Size | 17,069 sq ft |
| Average Occupancy | 100% |
| No. Floors | 3 |
| Year Built | 1971 |
| Parking Allocation | 1.76/1,000 sq ft |
| Use Class | RU-3 - Four-Unit Apartment for residential zoning, allowing up to four families per lot with uses such as apartment buildings, swimming pools, and sheds |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Heating
- Kitchen
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Property Manager on Site
- Public Transportation
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| 1+1 | 15 | £1,185 | 580 |
| 2+1 | 9 | £1,481 | 750 |
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PROPERTY TAXES
| Parcel Number | 01-3132-014-1200 | Total Assessment | £2,768,909 (2025) |
| Land Assessment | £0 (2025) | Annual Taxes | £48,410 (£2.84/sq ft) |
| Improvements Assessment | £0 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
01-3132-014-1200
Land Assessment
£0 (2025)
Improvements Assessment
£0 (2025)
Total Assessment
£2,768,909 (2025)
Annual Taxes
£48,410 (£2.84/sq ft)
Tax Year
2024
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Airport View II | 4271 NW S Tamiami Canal Dr
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