761-771 NW 1st St - Apartments FOR SALE


Miami, FL 33128- Little Havana
$5,360,000 USD
954-245-3492
761-771 NW 1st St, Miami, FL for Sale
$5,360,000 USD
Apartments - FOR SALE
1/14
null | 5.04% Cap Rate

761-771 NW 1st St
Miami, FL 33128
Little Havana


HIGHLIGHTS

  • 16-Units Built in 2017 & 2020 and Located in West Brickell Submarket (Miami)
  • (4) Studios, (4) One-Bedrooms and (8) Two Bedrooms with Yards or Balconies
  • Stainless Steel Appliances, In-Unit Laundry, Central A/C, Loft Style Finishes
  • Dense, In-Fill Location w/517,789 Population & 11% Growth since 2010 (5-Miles)
  • Short Walk or Drive to LoanDepot Park, Brickell City Center, Jackson Memorial
  • Easy Access to Miami River, Little Havana, Wynwood, Downtown Miami (Brickell)

OVERVIEW

The Flats at West Brickell were constructed in two phases in 2017 and 2020 of concrete block and stucco with a concrete roof deck. The property consists of (4) studio apartments with an average in-place rent of $1,863, (4) one-bedroom | one-bathroom apartments with an average in-place rent of $1,969 and (8) two-bedroom | two-bathroom apartments with an average in-place rent of $2,669. The building spans 18,432 rentable square feet and is situated on a 10,000 square foot lot, according to the Miami Dade Property Appraiser. Units feature back yards or private balconies, in-unit washer & dryers, polished concrete floors, custom cabinets and quartz countertops, as well as energy efficient LED lighting and Energy Star appliances.

FOR SALE DETAILS

PRICE

$5,360,000 USD

PRICE/SF

$291 USD /SF

# OF UNITS

16

PRICE/UNIT

$335,000

CAP RATE

5.04%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Flats at West Brickell

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2017

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

T6-8-O

APN/PARCEL ID

01-0200-070-1140,01-0200-070-1150

ASK ABOUT THIS PROPERTY

Joseph ThomasMarcus & MillichapMore Info
954-245-3492

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Joseph ThomasMarcus & MillichapMore Info
954-245-3492

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