Skip to main content

Commercial Real Estate

CommercialSaleMultifamilyFLMiami5601, 1st Ave, Miami, FL, 33127

Basics

  • Category:
  • Type:
  • Status:
  • Bathrooms: 0
  • Floors: 3
  • Lot size: 96507, 96507 sq ft
  • Year built: 1960
  • County: Miami-Dade
  • MLS ID: A12089534

Description

  • Description:

    13 53 41 2.215 AC M/L BARRETT SUB AMD PB 79-10 TR 1-A& TR A OF BARRETT COURT PB 85-86 & LOTS 12 & 13 LESS E10FT & LESS BEG 10FTW OF SE COR L 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 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.

    This offering presents investors with a compelling value-add opportunity through operational improvements, rental rate growth, and asset repositioning. Additionally, the property's sizeable land area and favorable zoning provide significant long-term redevelopment potential, making it an attractive acquisition for both cash-flow-focused investors and future developers seeking scale in a supply-constrained Miami market.

    Show all description

Building Details

  • Structure Type: Apartment,MultiFamily
  • Water Source: Public
  • Covered Spaces: 0
  • Number Of Buildings: 10

Amenities & Features

  • Parking Features: Common

Miscellaneous

  • List Office Name: Eleventrust LLC
  • Listing Terms: Cash,Conventional

Ask our real estate expert about this property

Phone
By clicking the «REQUEST INFO» button you agree to the Terms of Use and Privacy Policy

This -type commercial real estate is located in 5601, 1st Ave, Miami, FL, 33127 was built in 1960, and is listed at $18,750,000.

Share this property

Copy

Or share with

Reset password

Enter your email address and we will send you a link to change your password.