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Buenavista Flats Assamblage 1 Multifamily Properties Offered at $26,077,500 CAD in Miami, FL
Investment Highlights
- 2.21 Acres in the Urban Core
- Strategically located near Little Haiti, Wynwood, the Miami Design District, Midtown Miami, and Downtown Miami
Executive Summary
5601 NW 1st Avenue presents a rare opportunity to acquire a 91-unit multifamily apartment community in one of Miami's most rapidly evolving urban corridors. The property consists of a mix of studio, one-bedroom, and two-bedroom apartments situated on a substantial 106,187-square-foot (2.21-acre) site with T4-R zoning.
The asset encompasses approximately 50,100 adjusted square feet across ten separate two-story residential buildings constructed between 1947 and 1969. The unit interiors feature a combination of central air conditioning systems, providing a diverse housing product that caters to strong workforce and market-rate rental demand.
Strategically located near Little Haiti, Wynwood, the Miami Design District, Midtown Miami, and Downtown Miami, the property benefits from exceptional access to major employment centers, public transportation, shopping, dining, and entertainment destinations. The surrounding area continues to experience significant public and private investment, driving long-term growth and increasing demand for quality rental housing.
The asset encompasses approximately 50,100 adjusted square feet across ten separate two-story residential buildings constructed between 1947 and 1969. The unit interiors feature a combination of central air conditioning systems, providing a diverse housing product that caters to strong workforce and market-rate rental demand.
Strategically located near Little Haiti, Wynwood, the Miami Design District, Midtown Miami, and Downtown Miami, the property benefits from exceptional access to major employment centers, public transportation, shopping, dining, and entertainment destinations. The surrounding area continues to experience significant public and private investment, driving long-term growth and increasing demand for quality rental housing.
Property Facts
| Price | $26,077,500 CAD | Number of Properties | 2 |
| Price / SF | $523.82 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 5.45% | Total Building Size | 49,783 SF |
| Sale Type | Investment | Total Land Area | 2.23 AC |
| Status | Active |
| Price | $26,077,500 CAD |
| Price / SF | $523.82 CAD / SF |
| Cap Rate | 5.45% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 49,783 SF |
| Total Land Area | 2.23 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Buena Vista Apartments
5601 NW 1st Ave, Miami, FL 33127 |
Multifamily | 49,783 SF | 1947 | - |
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Buenavista Flats Assamblage
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