305-345-9567
8951 Sunset Dr, Miami, FL for Sale
Apartments - FOR SALE
1/13
null | Request Cap Rate

8951 Sunset Dr
Miami, FL 33173
Sunset/Westchester


HIGHLIGHTS

  • Significant Value-Add Opportunity
  • Priced Below Replacement Cost
  • Excellent Positioning
  • Suppy-Constrained Submarket
  • Rapid Commutes to Miami's Best Neighborhoods

OVERVIEW

Avison Young is pleased to exclusively offer for sale the Sunset Apartments, a 129-unit, 90,793 SF NRA apartment community positioned on a ±3.57 AC parcel located in Miami’s desirable Kendall suburb. Built in 1970, this well-maintained property represents a rare opportunity to acquire a value-add multifamily asset for well-below construction cost in one of Miami-Dade County's most sought-after residential markets. Sunset Apartments features spacious unit layouts, ample parking, and a compelling location, providing a strong foundation for rental growth through targeted renovations. Sunset Apartments offers significant upside potential for investors, with market rents in Kendall averaging $2,333 per unit and opportunities to bridge the gap through unit modernization and operational efficiencies. Positioned in a supply-constrained submarket with only 678 units under construction, this Property presents a compelling investment opportunity to secure stable cash flow and long-term value appreciation in Miami's thriving multifamily market.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

129

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sunset Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1970

PARKING SPACES

190

LAND DETAILS

LAND ACRES

3.57 AC

LAND SF

155,509 SF

ZONING

RU-4M

APN/PARCEL ID

30-4028-000-0100

ASK ABOUT THIS PROPERTY

John CrottyAvison YoungMore Info
305-345-9567

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John CrottyAvison YoungMore Info
305-345-9567

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