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Multifamily

Liberty Apartments

7001 NW 15th Ave, Miami, FL 33147

Listing Price: $4,350,000

Cap Rate
7.39%
Number of Units
39
GRM
8.36
Occupancy
90.3%
Price/Unit
$111,538
Price/Gross SF
$269.52
Gross SF
16,140

Investment Overview

Marcus & Millichap, as exclusive listing agent, is pleased to offer for sale Liberty Apartments, a 38-unit rental apartment building and one commercial unit located at 7001 NW 15th Avenue in Miami, Florida. Liberty Apartments is a three-story apartment building constructed of concrete block with a flat roof. The property has 33 one-bedroom / one-bathroom units and five two-bedroom / one-bathroom units. There are 17 off-street parking spaces and a laundry facility.

Liberty Apartment is located within the Liberty City submarket which is the northwest section of the city of Miami, just west of Interstate 95, spanning from Northwest 56th Street to Northwest 79th Street. Liberty Apartments is within walking distance from public transportation, schools, public parks and a hospital. The North Shore Medical Center is within 2.4 miles north of the property. This hospital has 357 beds and over 700 employees. Moreover, Liberty Apartments is just two blocks north of the first and largest mixed income project in Miami-Dade called New Liberty Square Apartments. The $300 million project incorporates public, affordable, workforce and market-rate units. This 1,455 unit project will be completed in 2023 and will include a Publix supermarket and retail stores. The first phase with 204 units was delivered in 2019.

Liberty Apartments offers a great opportunity for an investor to add value through increasing occupancy and take advantage of all the new projects and developments that are taking place in the immediate area. The property is being offer for sale at $4,350,000.

Investment Highlights

  • Value Add Opportunity Through Increasing Occupancy
  • Great Unit Mix with One and Two Bedroom Apartment Units
  • Close Proximity to Hospitals, Schools and Public Transportation
  • Corner Location with Off-Street Parking
  • 40-Year Recertification in Place
  • 38 Units and a Commercial Store Located in an Opportunity Zone

Exclusively Listed By

Listing Price: $4,350,000

Cap Rate
7.39%
Number of Units
39
GRM
8.36
Occupancy
90.3%
Price/Unit
$111,538
Price/Gross SF
$269.52
Gross SF
16,140

Investment Highlights

  • Value Add Opportunity Through Increasing Occupancy
  • Great Unit Mix with One and Two Bedroom Apartment Units
  • Close Proximity to Hospitals, Schools and Public Transportation
  • Corner Location with Off-Street Parking
  • 40-Year Recertification in Place
  • 38 Units and a Commercial Store Located in an Opportunity Zone

Investment Overview

Marcus & Millichap, as exclusive listing agent, is pleased to offer for sale Liberty Apartments, a 38-unit rental apartment building and one commercial unit located at 7001 NW 15th Avenue in Miami, Florida. Liberty Apartments is a three-story apartment building constructed of concrete block with a flat roof. The property has 33 one-bedroom / one-bathroom units and five two-bedroom / one-bathroom units. There are 17 off-street parking spaces and a laundry facility.

Liberty Apartment is located within the Liberty City submarket which is the northwest section of the city of Miami, just west of Interstate 95, spanning from Northwest 56th Street to Northwest 79th Street. Liberty Apartments is within walking distance from public transportation, schools, public parks and a hospital. The North Shore Medical Center is within 2.4 miles north of the property. This hospital has 357 beds and over 700 employees. Moreover, Liberty Apartments is just two blocks north of the first and largest mixed income project in Miami-Dade called New Liberty Square Apartments. The $300 million project incorporates public, affordable, workforce and market-rate units. This 1,455 unit project will be completed in 2023 and will include a Publix supermarket and retail stores. The first phase with 204 units was delivered in 2019.

Liberty Apartments offers a great opportunity for an investor to add value through increasing occupancy and take advantage of all the new projects and developments that are taking place in the immediate area. The property is being offer for sale at $4,350,000.

Exclusively Listed By

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