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INVESTMENT HIGHLIGHTS
- 8 Assets
- 92% Occupied
- Fully remodeled kitchens and bathrooms
- 30 studios
- 48 units
EXECUTIVE SUMMARY
The North Miami Ave portfolio is ideally positioned in Miami’s thriving
Little River neighborhood, offering investors an exceptional opportunity
to capitalize on the area’s rapid transformation and surging demand for
quality housing. The portfolio consists of two continous assemblages.
One is on 55th street & North Miami Ave and the other is on 77th street &
North Miami Ave.
All units have been extensively renovated with new kitchen cabinets,
modern appliances, updated bathroom fixtures, new flooring, and
efficient AC systems. Impact windows and doors
throughout further enhance long-term value and tenant appeal.
The portfolio benefits from immediate proximity to major institutional
developments. It sits adjacent to AJ Capital Partners’ 27-acre adaptive
reuse project, which is revitalizing the neighborhood with creative spaces,
businesses, and cultural venues. Just blocks away, Swerdlow
Group—together with the City of Miami—is developing a transformative
mixed-use project that will further drive economic activity and attract
new residents and businesses to Little River.
Residents also enjoy close access to Sunny’s Steakhouse, recently named
Miami’s best restaurant by Time Out, underscoring the neighborhood’s
growing reputation as a culinary and cultural destination.
With a prime location, significant surrounding development, and fully
upgraded units, this portfolio is well-positioned to deliver strong rental
demand and long-term value appreciation as Little River solidifies its
status as one of Miami’s most desirable urban districts.
Little River neighborhood, offering investors an exceptional opportunity
to capitalize on the area’s rapid transformation and surging demand for
quality housing. The portfolio consists of two continous assemblages.
One is on 55th street & North Miami Ave and the other is on 77th street &
North Miami Ave.
All units have been extensively renovated with new kitchen cabinets,
modern appliances, updated bathroom fixtures, new flooring, and
efficient AC systems. Impact windows and doors
throughout further enhance long-term value and tenant appeal.
The portfolio benefits from immediate proximity to major institutional
developments. It sits adjacent to AJ Capital Partners’ 27-acre adaptive
reuse project, which is revitalizing the neighborhood with creative spaces,
businesses, and cultural venues. Just blocks away, Swerdlow
Group—together with the City of Miami—is developing a transformative
mixed-use project that will further drive economic activity and attract
new residents and businesses to Little River.
Residents also enjoy close access to Sunny’s Steakhouse, recently named
Miami’s best restaurant by Time Out, underscoring the neighborhood’s
growing reputation as a culinary and cultural destination.
With a prime location, significant surrounding development, and fully
upgraded units, this portfolio is well-positioned to deliver strong rental
demand and long-term value appreciation as Little River solidifies its
status as one of Miami’s most desirable urban districts.
PROPERTY FACTS
| Price | $9,500,000 | Number of Properties | 6 |
| Price / SF | $233.27 / SF | Individually For Sale | 0 |
| Cap Rate | 5.35% | Total Building Size | 40,725 SF |
| Sale Type | Investment | Total Land Area | 1.74 AC |
| Status | Active |
| Price | $9,500,000 |
| Price / SF | $233.27 / SF |
| Cap Rate | 5.35% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 6 |
| Individually For Sale | 0 |
| Total Building Size | 40,725 SF |
| Total Land Area | 1.74 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Bowery Evans Apartments
7700 Miami Ave, Miami, FL 33150 |
Multifamily | 22,000 SF | 1952 | - |
|
Bowery Evans Apartments
7720 N Miami Ave, Miami, FL 33150 |
Multifamily | 7,765 SF | 1985 | - |
| 5500 N Miami Ave, Miami, FL 33127 | Multifamily | 3,635 SF | 1953 | - |
|
Bowery Evans Apartments
31 NW 77th St, Miami, FL 33150 |
Multifamily | 3,389 SF | 1990 | - |
| 5440 N Miami Ave, Miami, FL 33127 | Multifamily | 2,016 SF | 1951 | - |
| 5430 N Miami Ave, Miami, FL 33127 | Multifamily | 1,920 SF | 1951 | - |
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North Miami Ave Multi-Family Portfolio
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