Multi-Family Income
For Sale
$194,000
Pending
20200 NE 27th Court, Aventura, FL 33180
MULTI_FAMILY - Aventura, FL
Property Size650 SF
Days on Market127
Property Features for 20200 NE 27th Court
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
4700
Bedrooms
1
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1, Bedroom 1
Parking
1
Pool private
1
Accessibility
Accessible Approach with Ramp
Appliances
Range, Electric Range, Refrigerator
Subdivision
BISCAYNE LAKE GDN BLDG J CO-OP
Lot features
Landscaped
Elementary school
Aventura Waterways K-8
Middle school
Highland Oaks
High school
Dr. Michael M. Krop
Standard status
Pending
APN
2812340330070
Size
650 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
BISCAYNE LAKE GDN BLDG J CO-OP APT 7 PB B-13 1 SHARE OF 36 - 2.653% MAP OF HALLANDALE BEG 51.36FTS OF NW COR OF E1/2 LOT 1 BLK 13 TH SELY AL
Tax Annual Amount
2020
Expense value
250
Expense
Application Fee
Expense freq.
One Time
HOA Fee
$650 Monthly
Legal Description
BISCAYNE LAKE GDN BLDG J CO-OP APT 7 PB B-13 1 SHARE OF 36 - 2.653% MAP OF HALLANDALE BEG 51.36FTS OF NW COR OF E1/2 LOT 1 BLK 13 TH SELY AL
Utilities
Sewer type
Public Sewer
Heating system
Space Heater
Cooling system
Central Air, Ceiling Fan(s)
Water source
Public
Building Details
Year built
1964
Floors in Building
2
Flooring type
Tile
Building materials
Block, Stucco
Roof type
Flat
Listing Agency:
Best Realty and Prop. Mgmnt
(954) 600-0445
Listed By:
Darius Lelutiu · License #3041801
(954) 600-0445
Added: Apr 2
Changed: Jul 31
Last Checked: Aug 6 at 4:06AM
MLS# B26010485
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale multi-family income property is located at 20200 NE 27th Court in Aventura, Florida (33180). The listing identifies the asset as an “other residential income” property type.
The property is shown with a total size of 650 square feet and is designated under zoning code 4700. The listing data does not provide additional details regarding unit count, layouts, or interior/exterior condition.
For buyers or brokers evaluating residential income opportunities in Aventura, this offering provides the basic property classification and size, along with the applicable zoning code referenced in the listing.
The property is shown with a total size of 650 square feet and is designated under zoning code 4700. The listing data does not provide additional details regarding unit count, layouts, or interior/exterior condition.
For buyers or brokers evaluating residential income opportunities in Aventura, this offering provides the basic property classification and size, along with the applicable zoning code referenced in the listing.
Key Highlights
- Private pool (PoolPrivateYN: true)
- Year built: 1964
- Central air plus ceiling fans for cooling
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $19.0k | $29.28 |
| − Vacancy | −$856 | −$1.32 |
| EGI | $18.2k | $27.96 |
| − OpEx | −$8.2k | −$12.58 |
| NOI | $10.0k | $15.38 |
650 SF · lease $29.28/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$142.8K
$125.0K – $166.6K
NOI $9,997 @ 7.0% cap · market cap 5.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$329.8K
$288.6K – $384.7K
NOI $23,084 @ 7.0% cap · market cap 11.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,775
Businesses Nearby
Explore this area
Business Placement
Demographics for 33180, FL
35,062
Population
21,112
Households
1.7
Avg Household Size
45
Median Age
55%
College-Educated
95%
High-School Grad
3.3 sq mi
ZIP Area
10,625
Density / Sq Mi
$88,613
Median Household Income
$51,612
Median Earnings
$2,480
Median Rent
$471,400
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - For sale multi-family income property in Aventura, Florida, listed with zoning code 4700 and 650 square feet.
Where is this residential income property located?
The property is located at 20200 NE 27th Court Aventura, FL.
What is the asking price?
The asking price for this property is $194,000.
What are key features of this property?
This property features: Private pool (PoolPrivateYN: true); Year built: 1964; Central air plus ceiling fans for cooling
