CBRE, as exclusive marketing advisor, is pleased to present the opportunity to acquire The Villages at Miami Gardens, 50 newly constructed townhomes located in Miami Gardens, only minutes from the recently renovated Hard Rock Stadium and approximately two miles from Florida Turnpike’s ramp. The property presents a rare opportunity to acquire only one of 12 built-to-rent townhome communities in Miami-Dade and only one of 7 that have been constructed over the past 3 years. Currently there is just under $80,000 in annual loss-to-lease for a new owner to realize by just taking the units to market rent levels. Market rents are estimated, based on nearby comparables, at $3,150 for 3BR units and $3,350 for 4BR units. In-place NOI is currently at $1.29M yielding a 6.0% cap rate. The Villages at Miami Gardens is located equidistantly from downtown Miami and downtown Fort Lauderdale allowing for a resident to be to either locations within 25 minutes. In addition, the property is located 1.5 miles from the recently renovated Hard Rock Stadium that is home to a multitude of annual events including all Miami Dolphins games, the Miami F1 Grand Prix and the Miami Open Tennis. In addition, the property is located two miles from accessing the Turnpike allowing quick and easy access to Downtown Miami, Fort Lauderdale, Aventura, Hollywood and both Miami and Fort Lauderdale International Airports.