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Avenu Heights 751 NW 1st St 15 Unit Apartment Building $5,828,450 CAD ($388,563 CAD/Unit) Miami, FL 33128
EXECUTIVE SUMMARY
CBRE, as exclusive advisor, is pleased to present The Avenu—a boutique 15-unit residential community located in Miami’s urban core. Built in 2021, the Property offers modern finishes, strong occupancy, and significant rent growth potential in one of South Florida’s most dynamic and supply-constrained submarkets.
The Avenu consists of 15 one-bedroom units averaging 700 square feet. Based on rent comparables within the neighborhood, the current market rents at the property average $2,100 per month. All units are on annual leases, though zoning permits short-term rentals, providing additional upside.
Current rents range from $1,850 to $2,000, while market rents should average $2,100, representing a premium of approximately $130 per unit. Comparable one-bedroom units
in the immediate area lease as high as $2,300+
The Avenu consists of 15 one-bedroom units averaging 700 square feet. Based on rent comparables within the neighborhood, the current market rents at the property average $2,100 per month. All units are on annual leases, though zoning permits short-term rentals, providing additional upside.
Current rents range from $1,850 to $2,000, while market rents should average $2,100, representing a premium of approximately $130 per unit. Comparable one-bedroom units
in the immediate area lease as high as $2,300+
PROPERTY FACTS
| Price | $5,828,450 CAD | Building Class | B |
| Price Per Unit | $388,563 CAD | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 9,768 SF |
| No. Units | 15 | Average Occupancy | 95% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2021 |
| Apartment Style | Low-Rise | ||
| Zoning | 4601- Multi Family T6-8R - Modified Apartment House District, | ||
| Price | $5,828,450 CAD |
| Price Per Unit | $388,563 CAD |
| Sale Type | Investment |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.17 AC |
| Building Size | 9,768 SF |
| Average Occupancy | 95% |
| No. Stories | 3 |
| Year Built | 2021 |
| Zoning | 4601- Multi Family T6-8R - Modified Apartment House District, |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Washer/Dryer
- Kitchen
- Granite Countertops
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 15 | - | 600 |
1 1
Walk Score®
Very Walkable (85)
Transit Score®
Excellent Transit (86)
PROPERTY TAXES
| Parcel Number | 01-0200-070-1160 | Improvements Assessment | $3,082,905 CAD |
| Land Assessment | $1,438,689 CAD | Total Assessment | $4,521,594 CAD |
PROPERTY TAXES
Parcel Number
01-0200-070-1160
Land Assessment
$1,438,689 CAD
Improvements Assessment
$3,082,905 CAD
Total Assessment
$4,521,594 CAD
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Avenu Heights | 751 NW 1st St
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