1860 Northwest 24th Avenue, Miami, FL 33125 For Sale

Sago Palms presents an extremely rare opportunity to acquire a recently constructed multifamily asset in Miami, offering a total of 11,077 square feet across six well-designed residential units. Built in 2022, the property delivers modern construction quality and efficiency, minimizing near-term capital expenditure while providing investors with a stable, income-producing asset.

Each unit is thoughtfully configured as a spacious three-bedroom, two-bathroom layout, averaging approximately 1,000 square feet—an increasingly sought-after unit mix that caters to families and shared living arrangements. The property features central air conditioning throughout, along with private balconies that enhance tenant experience and livability. Utilities are separately metered as well for both water and electricity, providing efficient operations and maximizing net operating income. Covered parking further elevates the asset, providing added value to tenants given the scarcity of parking in the area.

Further enhancing the investment profile, the property includes a large, dedicated storage/flex space that can be utilized for a variety of purposes, offering an additional revenue stream with minimal overhead. Zoned T4-R, Sago Palms benefits from flexible residential zoning that supports long-term investment stability and potential upside. The combination of modern construction, large unit layouts, supplemental income potential, and desirable amenities positions the asset as an attractive option for multifamily and low-rise/garden investors seeking a turnkey investment with durable income and operational upside.