1110 NW 7th St - Apartments FOR SALE


Miami, FL 33136
$13,000,000 USD
305-431-2258
1110 NW 7th St, Miami, FL for Sale
$13,000,000 USD
Apartments - FOR SALE
1/32
null | Request Cap Rate

1110 NW 7th St
Miami, FL 33136


HIGHLIGHTS

  • Co-Living building maximizing rentable SF and getting largest rent premiums

OVERVIEW

New Construction Co-Living Building in Riverside/Little Havana. This innovative living modality allows you to deliver newly built, high quality, beautifully designed and appointed housing options at pricing well below anything in the market. This building is designed for the missing-middle, the typical millennial or younger making $75k-150k, who has no other viable attractive rental options. This means you’ll never suffer a lack of tenants and can expect robust demand and long term rent growth. Two adjacent buildings, 1110 Saffron with Six 3/3s, Two 2/2s, Six 1/1s, and Plum with twelve 3/3s; totaling 64 rentable individual semi-autonomous bedrooms. Riverside is one of Miami’s most attractively developing neighborhoods. Riverside runs adjacent to the Miami River, north of Little Havana and just west of Downtown and Brickell. It borders the Civic Center, Downtown, and Brickell, all of Miami’s major engines of employment; and since residency follows employment, especially given the ease of car-less multi-modal transit to those sites, this is where people want to live. Both buildings together generate a pro-forma $941,160 per year and are at a 7.25% cap rate at asking price. Buildings can be sold together or separate.

FOR SALE DETAILS

PRICE

$13,000,000 USD

PRICE/SF

$722 USD /SF

# OF UNITS

64

PRICE/UNIT

$203,125

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

New Construction Co-Living in Riverside

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2024

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,495 SF

ZONING

T6-8-O

APN/PARCEL ID

01-4102-005-0070,01-4102-005-0080,01-4102-005-0250

ASK ABOUT THIS PROPERTY

Carlos Fausto MirandaFausto Commercial Realty ConsultantsMore Info
305-431-2258

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Carlos Fausto MirandaFausto Commercial Realty ConsultantsMore Info
305-431-2258

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.