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$18,750,000
New Listing

5601 NW 1st Ave
Miami, FL 33127

For Sale|Multi Family|Active
0
Beds
0
Total Baths
42,452
SqFt
$442
/SqFt
1960
Built
County:
Miami-Dade

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754-217-1402
5601 NW 1st Ave5601 NW 1st Ave5601 NW 1st Ave5601 NW 1st Ave
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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.

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Listing Snapshot
Price 
$18,750,000
Days On Site 
0 Days
Bedrooms 
N/A
Inside Area (SqFt) 
42,452 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
2.2155 Acres
Year Built 
1960
MLS® Number 
A12089534
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
11 hours agoListing first seen on site
15 hours agoListing updated with changes from the MLS®
General Features
Parking 
Common
Property Sub Type 
Multi Family
SqFt Total 
42452
Water Source 
Public
Zoning 
3900
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Community Features
MLS Area 
31
Financing Terms Available 
CashConventional
Listing courtesy of Eleventrust LLC

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Neighborhood & Commute
Source: Walkscore
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