5601 NW 1st AveMiami, FL 33127
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$85,5455601 NW 1st Avenue presents a rare opportunity to acquire a 91-unit multifamily apartment community in one of Miami's most rapidly evolving urban corridors. The property consists of a mix of studio, one-bedroom, and two-bedroom apartments situated on a substantial 106,187-square-foot site with T4-R zoning. The asset encompasses approximately 50,100 adjusted square feet across ten separate two-story residential buildings constructed between 1947 and 1969. The unit interiors feature a combination of central air conditioning systems, providing a diverse housing product that caters to strong workforce and market-rate rental demand. Strategically located near Little Haiti, Wynwood, the Miami Design District, Midtown Miami, and Downtown Miami, the property benefits from exceptional access to major employment centers, public transportation, shopping, dining, and entertainment destinations. The surrounding area continues to experience significant public and private investment, driving long-term growth and increasing demand for quality rental housing. This offering presents investors with a compelling value-add opportunity through operational improvements, rental rate growth, and asset repositioning. Additionally, the property's sizeable land area and favorable zoning provide significant long-term redevelopment potential, making it an attractive acquisition for both cash-flow-focused investors and future developers seeking scale in a supply-constrained Miami market.
| 2 days ago | Listing first seen on site | |
| 2 days ago | Listing updated with changes from the MLS® |
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Azure Vue Realty Group LLC – New York Location
Real Estate Corp Lic# 10991241538
231 McNamara Rd, Spring Valley NY 10977
914-522-0232
Broker of Record
John Scardino Jr: Lic#10491213691
New York Real Estate Sales
Simon Zarour: Lic#10401396686
Azure Vue Realty Group LLC – Florida Location
Real Estate Corp Lic# CQ1073236
20200 West Dixie Highway Suite 902 Aventura, FL, 33180
786-535-8574
Broker of Record
John Scardino Jr: Lic#BK3639696
Florida Real Estate Sales
Simon Zarour: Lic#SL3626957
John Scardino Jr – NMLS# 261624-MLO
Simon Zarour – NMLS# 2684220-MLO
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