Grove27 1710 SW 27th Ave 32 Unité Immeuble d’appartements 17 721 600 $ CAD (553 800 $ CAD/Unité) Miami, FL 33145

Adam Marcuvitz, Joseph Thomas, and the Thomas Team of Marcus & Millichap, as exclusive listing agents, are pleased to offer for sale Grove 27, a 32-unit multifamily property built in 2019 and located in Miami, Florida. The property is being offered for sale at $12,800,000.
Grove 27 is an eight-story, CBS building featuring 32 apartments and 59,551 square feet (GBA) on a 13,253-square-foot lot (per the Miami-Dade Property Appraiser). The unit mix includes (12) one-bedroom | one-bathroom apartments ranging from 725 to 770 square feet, (2) one-bedroom | one-and-a-half-bathroom apartments ranging from 884 to 1,088 square feet, (14) two-bedroom | two-bathroom apartments ranging from 1,015 to 1,085 square feet and (4) three-bedroom | two-bathroom apartments at 1,470 square feet.
Each unit features central air conditioning, contemporary finishes, and in-unit washers and dryers. The property features a flat (concrete) roof, 6th-floor outdoor terrace, single elevator, two-level parking garage with 51 total parking spaces, including lifts (some spaces are large enough for tandem parking).
Currently, the property operates as Roami at Grove27 with Roami (a national vacation rental operator) overseeing the daily management. An incoming investor has the opportunity to either negotiate a new lease with Roami, self-manage the property as vacation rentals (given the proven business model) or convert the property (back) to a market-rate apartment building.