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    626 11Th Ave Miami, FL 33136

    For Sale
    $6,500,000

    Luxury Co-living, High ROI Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional new construction multifamily property, located at 626 NW 11th Ave in Miami, Florida (zip code 33136), presents a unique investment opportunity. Priced at $6,500,000, this co-living building caters to the growing demand for high-quality, affordable housing in the desirable Riverside/Little Havana neighborhood. The innovative design features twelve three-bedroom, three-bathroom units, totaling 36 individually rentable semi-autonomous bedrooms. This model is specifically designed to attract young professionals (earning $75,000-$150,000 annually) seeking stylish and well-appointed living spaces at competitive prices. The building's prime location, adjacent to the Miami River, north of Little Havana, and west of Downtown and Brickell, ensures strong tenant demand and long-term rental growth. The property's modern design and attractive features are expected to maintain high occupancy rates and provide a robust return on investment. This is a rare chance to acquire a newly constructed, high-performing asset in one of Miami's most rapidly developing areas. The property's strategic location and innovative co-living concept combine to create a compelling investment opportunity with significant upside potential. This is a turnkey operation ready for immediate income generation. Detailed financial projections are available upon request.

    Property Features for 626 11Th Ave

    General Information

    Property type
    Multifamily properties

    HighLights

    • $6,500,000 asking price.
    • Multifamily property located at 626 NW 11th Ave, Miami, FL 33136.
    • New construction co‑living building in Riverside/Little Havana.
    • 36 rentable semi‑autonomous bedrooms (twelve 3‑bedroom units).
    • Strong rental demand and long‑term growth potential targeting the millennial market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.2134406
    Latitude
    25.7797585

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    FAQs

    What type of property is this?
    Multifamily property - Luxury Co-living, High ROI Potential
    Where is this multifamily property located?
    The property is located at 626 11Th Ave Miami, FL.
    What is the asking price?
    The asking price for this property is $6,500,000.
    What are key features of this property?
    This property features: $6,500,000 asking price.; Multifamily property located at 626 NW 11th Ave, Miami, FL 33136.; New construction co-living building in Riverside/Little Havana.
    Request Owner's contact information
    626 11Th Ave Miami, FL 33136
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    Miami, FL 33136
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    626 11Th Ave Miami, FL 33136
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