Little Haiti Portfolio


New Asking Price: $9,400,000
$195,833 / Unit


Units: 48
Building Square Feet: 23,162 SF
Land Square Feet: 62,514 SF (T5-R & T4-R)


Highlights

Eleventrust is proud to present N Miami Ave Portfolio. Totaling (48) Units. 31 Units Located right off N Miami Ave and 77 St and (17) units on 55 St. The investment consists of (3) adjacent buildings with over an acre of land (45,354 SF).

  • 31 NW 77th St. was built in 1990, and it consists of (6) studios, (1) one bedroom & one bath unit, and a two-bedroom and one-bath unit. The building is a (2) stories and it's 3,350 Sq. Ft. sitting on a 14,362 Sq. Ft. that is zoned T5-R. The building is concrete pour with flat roof with two separate structures with flat roofs and an empty lot. 
  • 7700 N Miami Ave. was built in 1952 and houses (11) studios averaging close to 400 Sq. Ft. The building is 3,946 Sq. Ft. and sits on a 15,496 Sq. Ft. and it is zoned T5-R. The building features a concrete slab, concrete pour, gable roof, wall A/C's, steel window bars, and asphalt parking lot.
  • The last building is 7720 N Miami Ave. and was built is 1985. It houses (12) one-bedroom and one-bath units. Averaging 535 Sq. Ft. The building is 6,423 Sq. Ft. and sits on a 15,496 Sq. Ft. and is also zoned T5-R. The building features are a concrete slab, flat roof, central AC, 2 floors, steel window bars, and a concrete parking lot.  
  • Located just south of these 31 units, you have (17) units located off N Miami Ave and 55 St. Built between 1951-1953 over (5) structures. Houses (13) Studios with one-bath units averaging 400 Sq. Ft. and (4) Two bedroom – one-bath units averaging 550 Sq. Ft. with 7,234 Sq. Ft. of building and 20,160 Sq. Ft. of land.

The investor has the opportunity to knock down existing structures and build by right up to 67 units. The investor can also invest $5k-$10k per unit and bring studio rents to at least $1,500 for the one bedroom $1,800, and $2,200 for the two bedrooms.