1121 7Th St Miami, FL 33136
- Apartment buildings
Current Use by Public Records
- Sabina's Tailor / Tailor
Property Details for 1121 7Th St
- Year built
- 2024
- Property type
- Apartment buildings
Description
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.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.2133
- Latitude
- 25.7803
