1801 NW 54th St - Apartments FOR SALE


Miami, FL 33142- Liberty City | 
$4,395,000 USD
609-226-6390
1801 NW 54th St, Miami, FL for Sale
$4,395,000 USD
Apartments - FOR SALE
1/21
null | 6.49% Cap Rate

1801 NW 54th St
Miami, FL 33142
Liberty City


HIGHLIGHTS

  • Stabilized & cash-flowing with plenty of additional upside available
  • Attractive 24-unit courtyard community featuring a balanced mix of Section 8 and market-rate tenants
  • High demand 2 Bedroom and 1 Bedroom unit-mix
  • 40-year and 10-year recertifications completed
  • Highly visible corner site along the emerging NW 54th Street corridor with excellent access to transit, employment centers, and redevelopment activity
  • T5-O Commercial underlying zoning for future use as retail, office, multifamily, mixed-use, and more

OVERVIEW

THE ALPHA COMMERCIAL ADVISORS® PROUDLY PRESENTS A 24-UNIT MULTI-FAMILY ASSET WITH STABLE IN-PLACE INCOME AND COMPELLING VALUE-ADD POTENTIAL IN EMERGING MIAMI WORKFORCE HOUSING SUBMARKET…. Offering consistently high occupancy for this balanced mix of (6) 2 Bed/1 Bath and (18) 1 Bed/1 Bath units spread between market-rate and Section 8 tenancies, the property delivers dependable cashflow today with meaningful upside tomorrow via incremental capital improvements and rental growth. Featuring certainty from an up-to-date building recertification, select units have also benefited from interior upgrades including flooring, appliances, kitchens, and bathrooms. Additional features include on-site parking for approximately 11 vehicles, immediate access to mass transit, and coveted garden-style courtyard layout supporting continued modernization of the aesthetic. Positioned on a visible corner location along the path-to-progress NW 54th Street corridor, the asset benefits from excellent connectivity to the broader Miami urban core, providing convenient access between neighboring submarkets as Allapattah, West Little River, Buena Vista, Little Haiti and Midtown. As investment and redevelopment activity continues to expand throughout the West of I-95 region, Liberty City presents an attractive advantage to acquire a high-performing, low-risk asset with durable income, operational upside, and long-term appreciation potential.

FOR SALE DETAILS

PRICE

$4,395,000 USD

PRICE/SF

$277 USD /SF

# OF UNITS

24

PRICE/UNIT

$183,125

CAP RATE

6.49%

% LEASED

86%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

24-Unit Value-Add Multi-Family

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1959

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,761 SF

ZONING

T5-O

APN/PARCEL ID

01-3122-052-2860

ASK ABOUT THIS PROPERTY

Steffanie JacobsonThe Alpha CommercialMore Info
609-226-6390

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Steffanie JacobsonThe Alpha CommercialMore Info
609-226-6390

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.