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Multifamily

Liberty Lofts

5801 NW 22nd Ave, Miami, FL 33142

Listing Price: $1,950,000

Cap Rate
5.51%
Number of Units
8
Occupancy
95.0%
Price/Unit
$243,750
Price/Gross SF
$847.09
Gross SF
2,302

Investment Overview

Marcus & Millichap, as exclusive listing agent, is pleased to offer for sale Liberty Lofts, a newly constructed, 8-unit apartment building located in Miami, Florida. Liberty Lofts is located on the corner of Northwest 22nd Avenue and 58th Street in the Brownsville submarket of Miami-Dade County. It is comprised of a two-story building with 8 one-bedroom apartments and a contiguous, separately parceled parking lot. The property was constructed in 2022 with all current code requirements, including hurricane impact windows, fire sprinklers, fixed roof access, and separate water meters. Property amenities include an onsite laundry facility with one set of machines that are owned by the property, and a large gated and brick paved parking lot. Apartment amenities include ceramic tile flooring, central heating and air-conditioning, individual hot-water heaters, granite countertops, and walk-in closets with built-ins. The Brownsville submarket is situated between Hialeah to the west, Allapattah to the south and Liberty City to the east. Mostly comprised of single-family residential communities, the area is highly densely populated. Due to its central location and expanding population, there are many new developments and many in the pipeline. Liberty Lofts is an excellent investment opportunity for a first-time investor or seasoned operator looking for a small property with no deferred maintenance and ease of management. The property is fully leased and offers additional rental upside as apartment leases roll.

Investment Highlights

  • Brand New 2022 Concrete Block Construction
  • Hurricane Impact Windows and Fire Sprinklers
  • Separate Electric and Water Meters
  • Excellent Returns with Rental Upside Through Turnover
  • Surrounded by Residential Neighborhoods
  • Close Proximity to Employment, Shopping and Schools

Exclusively Listed By

Financing By

Multifamily

Liberty Lofts

Listing Price: $1,950,000

Cap Rate
5.51%
Number of Units
8
Occupancy
95.0%
Price/Unit
$243,750
Price/Gross SF
$847.09
Gross SF
2,302

Investment Highlights

  • Brand New 2022 Concrete Block Construction
  • Hurricane Impact Windows and Fire Sprinklers
  • Separate Electric and Water Meters
  • Excellent Returns with Rental Upside Through Turnover
  • Surrounded by Residential Neighborhoods
  • Close Proximity to Employment, Shopping and Schools

Investment Overview

Marcus & Millichap, as exclusive listing agent, is pleased to offer for sale Liberty Lofts, a newly constructed, 8-unit apartment building located in Miami, Florida. Liberty Lofts is located on the corner of Northwest 22nd Avenue and 58th Street in the Brownsville submarket of Miami-Dade County. It is comprised of a two-story building with 8 one-bedroom apartments and a contiguous, separately parceled parking lot. The property was constructed in 2022 with all current code requirements, including hurricane impact windows, fire sprinklers, fixed roof access, and separate water meters. Property amenities include an onsite laundry facility with one set of machines that are owned by the property, and a large gated and brick paved parking lot. Apartment amenities include ceramic tile flooring, central heating and air-conditioning, individual hot-water heaters, granite countertops, and walk-in closets with built-ins. The Brownsville submarket is situated between Hialeah to the west, Allapattah to the south and Liberty City to the east. Mostly comprised of single-family residential communities, the area is highly densely populated. Due to its central location and expanding population, there are many new developments and many in the pipeline. Liberty Lofts is an excellent investment opportunity for a first-time investor or seasoned operator looking for a small property with no deferred maintenance and ease of management. The property is fully leased and offers additional rental upside as apartment leases roll.

Exclusively Listed By

Financing By

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