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+