626 11Th Ave Miami, FL 33136

Property Details for 626 11Th Ave

Year built

1926

Construction

TYPE NOT SPECIFIED

Lot size

0.11 lot acres

Property size

1,243 SF

Zone code

6100:COMMERCIAL,NEIGHBRHD

Property type

Commercial land

APN

01-4102-005-0070

APU

141020050070

Description

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.