5601 NW 1st Ave, Miami, FL 33127

Description of 5601 NW 1st Ave, Miami, FL 33127

5601 NW 1st Avenue presents a rare opportunity to acquire a 91-unit multifamily apartment community in one of Miami's most rapidly evolving urban corridors. The property consists of a mix of studio, one-bedroom, and two-bedroom apartments situated on a substantial 106,187-square-foot site with T4-R zoning. The asset encompasses approximately 50,100 adjusted square feet across ten separate two-story residential buildings constructed between 1947 and 1969. The unit interiors feature a combination of central air conditioning systems, providing a diverse housing product that caters to strong workforce and market-rate rental demand. Strategically located near Little Haiti, Wynwood, the Miami Design District, Midtown Miami, and Downtown Miami, the property benefits from exceptional access to major employment centers, public transportation, shopping, dining, and entertainment destinations. The surrounding area continues to experience significant public and private investment, driving long-term growth and increasing demand for quality rental housing. This offering presents investors with a compelling value-add opportunity through operational improvements, rental rate growth, and asset repositioning. Additionally, the property's sizeable land area and favorable zoning provide significant long-term redevelopment potential, making it an attractive acquisition for both cash-flow-focused investors and future developers seeking scale in a supply-constrained Miami market.

Property Details for 5601 NW 1st Ave, Miami, FL 33127

Parking Features

Common

Pool Private

No

Building Information for 5601 NW 1st Ave, Miami, FL 33127

Building Area Total

42452

Building Area Units

Square Feet

Stories

3

Stories Total

3

Association

No

Property Information for 5601 NW 1st Ave, Miami, FL 33127

Lot Size Square Feet

96,507

Waterfront

No

View

No

Water Source

Public

New Construction

No

Public Records for 5601 NW 1st Ave, Miami, FL 33127

Parcel Number

01-31-13-080-0010

Tax Legal Description

13 53 41 2.215 AC M/L BARRETT SUB AMD PB 79-10 TR 1-A& TR A OF BARRETT COURT PB 85-86 & LOTS 12 & 13 LESS E10FT & LESS BEG 10FTW OF SE COR L

Zoning

3900

County Or Parish

Miami-Dade County

Location