Courtyard-Style Apartment
200 Azure Way Miami Springs, FL 33166
For Sale
$7,600,000
MULTI_FAMILY - Other - Miami Springs, FL
Property Size16,826 SF
Price / SF$451.68
Days on Market13
Property Features for 200 Azure Way
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking
23
Patio and Porch features
Patio
Exterior features
Barbecue, Lighting, Patio
Standard status
Active
APN
05-30-24-006-2210
Size
16,826 SF
Taxes and HOA fees
Tax Year
2024
Tax Description
18-19 53 41 .45 AC PB 28-11 COUNTRY CLUB ESTS AMD PL SEC 1 ALL BLK 81 LOT SIZE IRREGULAR COC 24087-0808 12 2005 1
Tax Annual Amount
47523
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Wall Furnace, Electric (Heating)
Cooling system
Electric, Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1920
Floors in Building
2
Flooring type
Tile - Ceramic
Building materials
Block
Roof type
Built-Up
Architectural style
Other
Listing Agency:
Lokation
(954) 545-5583
Listed By:
Beatriz Acosta-Rubio · License #3122337
(786) 519-4467
Added: Jul 18
Changed: Jul 28
Last Checked: Jul 30 at 2:06AM
MLS# A11751819
Copyright © 2026 Miami REALTORS®. 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 apartment building offers 23 apartments arranged around a central courtyard. The property features two-story wings in a V-shaped arrangement, along with an additional one-story building that houses five studios.
Architectural elements include Mission Revival style details, such as rough-textured stucco finishes, flat roofs with irregular parapets, and distinctive tower openings. The exterior underwent a full major renovation in 2014 while maintaining its historic 1926 charm.
The property is located in Miami Springs, near a golf course, Miami International Airport, and Freedom Park Soccer Village stadium, which is described as having 25,000 seats. The offering is presented as an investor opportunity, with the listing noting “Osceola Apartments” as an operating concept or as multifamily.
Architectural elements include Mission Revival style details, such as rough-textured stucco finishes, flat roofs with irregular parapets, and distinctive tower openings. The exterior underwent a full major renovation in 2014 while maintaining its historic 1926 charm.
The property is located in Miami Springs, near a golf course, Miami International Airport, and Freedom Park Soccer Village stadium, which is described as having 25,000 seats. The offering is presented as an investor opportunity, with the listing noting “Osceola Apartments” as an operating concept or as multifamily.
Key Highlights
- 23 apartments arranged around a central courtyard, with 2‑story wings forming a V shape
- Includes an additional 1‑story building with 5 studios
- Full major renovation in 2014; exterior maintains historic Mission Revival architectural style
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 | $492.7k | $29.28 |
| − Vacancy | −$22.2k | −$1.32 |
| EGI | $470.5k | $27.96 |
| − OpEx | −$211.7k | −$12.58 |
| NOI | $258.8k | $15.38 |
16,826 SF · lease $29.28/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$3.70M
$3.23M – $4.31M
NOI $258,772 @ 7.0% cap · market cap 3.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.54M
$7.47M – $9.96M
NOI $597,558 @ 7.0% cap · market cap 7.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Apartment building with 23 units arranged around a central courtyard, including two-story wings and five studio units.
Where is this apartment building located?
The property is located at 200 Azure Way Miami Springs, FL.
What is the asking price?
The asking price for this property is $7,600,000.
What are key features of this property?
This property features: 23 apartments arranged around a central courtyard, with 2‑story wings forming a V shape; Includes an additional 1‑story building with 5 studios; Full major renovation in 2014; exterior maintains historic Mission Revival architectural style
