1121 7Th St Miami, FL 33136
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64 Units, Prime Riverside Location
Property Features for 1121 7Th St
General Information
- Property type
- Multifamily properties
- Class
- A
Building Details
- Year Built
- 2024
- Buildings
- 2
- Stories
- 4
- Units
- 64
Listing Agent: Mauricio Villasuso
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional investment opportunity presents a brand-new, Class A, 64-unit apartment building in Miami's rapidly developing Riverside neighborhood. Completed in 2024, this two-building complex features four stories and offers a unique co-living model, catering to the high demand for modern, affordable housing. The property boasts a mix of unit sizes, including six three-bedroom units, two two-bedroom units, and six micro-studios, each designed for individual semi-autonomous living. Its strategic location, adjacent to the Miami River and bordering Downtown and Brickell, ensures high occupancy rates and strong rental income. The property's proximity to major employment centers and convenient access to public transportation further enhances its appeal. With a pro-forma annual income exceeding $500,000 and a projected cap rate of nearly 7.73% at the asking price of $6,500,000, this is a compelling investment. The property is zoned T6-8-O, and an adjacent building is also available for sale as a package deal, presenting an even more significant investment opportunity. This is a rare chance to acquire a high-performing, newly constructed multifamily property in one of Miami's most sought-after locations. The property is located at 1121 NW 7th St, Miami, FL 33136.
Property Profile
Location Intelligence
Current Use by Public Records
Sabina's Tailor
(Bike/Boat/Book/etc) Store
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.213338095886
- Latitude
- 25.780310813838
Nearby Similar for Sale
FAQs
What type of property is this?
Multifamily property - 64 Units, Prime Riverside Location
Where is this multifamily property located?
The property is located at 1121 7Th St 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 for a Class A multifamily property.; 64-unit apartment building, newly constructed in 2024.; Two 4-story buildings located in Miami, FL, at 1121 NW 7th St, 33136, in the Riverside/Little Havana neighborhood.
