4271 S Tamiami Canal Drive Miami, FL 33126
A fully renovated 24-unit multifamily asset with separate electric meters and dedicated parking for each unit.
Property Features for 4271 S Tamiami Canal Drive
General Information
- Standard status
- Active
- Size
- 17,069 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1971
Listing office HABITAT REALTY LLC
Listing date Jun 9, 2026
Source Corcoran
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Investment Insights
Based on property information with market context.
The property is located at 4271 S Tamiami Canal Drive in Miami, described in the remarks as being in a central area with access to public transportation, expressways, and major highways. The surrounding area is referenced for proximity to Miami International Airport, the Health District, Brickell, and the upcoming Miami Freedom Park Stadium (Inter Miami).
For buyers and operators, the unit-by-unit electric metering and on-site parking can support straightforward operations and tenant convenience. The diversified 1-bedroom and 2-bedroom mix may also appeal to a range of renters seeking different space sizes within the same building. This offering is positioned as a renovated, income-focused residential property with a clearly defined unit configuration and parking plan.
Key Highlights
- 24‑unit multifamily property built in 1971, located at 4271 NW South Tamiami Canal Drive
- All 24 units are fully renovated
- Unit mix: 9 two‑bedroom/one‑bath units (approx. 750 SF each) and 15 one‑bedroom/one‑bath units (approx. 580 SF each)
Local 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 | $614.5k | $36.00 |
| − Vacancy | −$41.2k | −$2.41 |
| EGI | $573.3k | $33.59 |
| − OpEx | −$258.0k | −$15.11 |
| NOI | $315.3k | $18.47 |
