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House 57 + The Flats 5742 SW 62nd St 16 Unit Apartment Building For Sale Coral Gables, FL 33143

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Investment Highlights

16-Unit, 58-Bed Student Housing Community Comprised of House 57 and The Flats (two neighboring duplexes)
Strong Enrollment Growth
Shared Tenant Amenities

Pedestrian to the University of Miami - Arguably the Best Located Student Housing Property in the Market
Limited Purpose-Built Supply - There Are Only Five Other Purpose-Built Student Properties Within One Mile of Campus

Executive Summary

This offering represents the opportunity to acquire a student housing community in Miami, Florida, pedestrian to the University of Miami. This offering includes House 57 and The Flats, which are located next to each other. House 57 is a 12-unit, 42-bed apartment building with a mix of three- and four-bed units with bed-bath parity built in 2016. The Flats are two duplexes totaling 4 units and 16 beds with bed-bath parity built in 2018.
According to College House, there are only five other purpose-built student housing properties within one mile of UMiami’s campus amounting to less than 2,000 beds. With UMiami’s consistent growth over the past few years, demand for purpose-built beds is increasing.
House 57 + The Flats offers amenities to its residents including a rooftop lounge with hot tubs, outdoor grilling station, picnic garden, study room, controlled security access, and ground-floor parking.
This offering represents 100 percent fee-simple interest in House 57 + The Flats, free and clear of any debt. This enclosed and confidential offering memorandum is only for review of prospective purchasers in order to evaluate House 57 + The Flats and a possible acquisition.

Property Facts

Sale Type	Investment	Lot Size	0.80 AC
No. Units	16	Building Size	12,000 SF
Property Type	Multifamily	Average Occupancy	100%
Property Subtype	Apartment	No. Stories	4
Apartment Style	Low-Rise	Year Built	2016
Building Class	A	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	4100

Sale Type	Investment
No. Units	16
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low-Rise
Building Class	A
Lot Size	0.80 AC
Building Size	12,000 SF
Average Occupancy	100%
No. Stories	4
Year Built	2016
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	4100