751 NW 1st St - Apartments FOR SALE


Miami, FL 33128- Little Havana
$4,250,000 USD
786-443-3105
751 NW 1st St, Miami, FL for Sale
$4,250,000 USD
Apartments - FOR SALE
1/23
null | Request Cap Rate

751 NW 1st St
Miami, FL 33128
Little Havana


OVERVIEW

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+

FOR SALE DETAILS

PRICE

$4,250,000 USD

PRICE/SF

$435 USD /SF

# OF UNITS

15

PRICE/UNIT

$283,333

CAP RATE

Request Cap Rate

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Avenu Heights

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2021

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

4601- Multi Family T6-8R

APN/PARCEL ID

01-0200-070-1160

ASK ABOUT THIS PROPERTY

Calum WeaverCBREMore Info
786-443-3105

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Calum WeaverCBREMore Info
786-443-3105

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