First Apartments | Miami, FL
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Walker & Dunlop - Company and Property Videos
| Date Uploaded: July 04, 2023
| Date Created: February 16, 2022
Description
WDIS South Florida is pleased to present First Apartments, a brand new 194 unit luxury mid-rise apartment community ideally situated in burgeoning East Little Havana. Completed in late 2021, the community received its TCO on September 1st, 2021 and has enjoyed extraordinary leasing velocity since opening. As of January 2022, the community reached 90% occupied and 95% leased, representing initial leasing velocity of nearly 45 leases per month. Even more impressive, lease rates have steadily increased with recent leases signed more than 25% above initial leases. This impressive performance is a testament to the appeal of the asset and its excellent location, proximate to key demand drivers, entertainment venues and transit routes.
Categories:
Commercial Properties for Sale
Property Types:
Multifamily
States:
FLORIDA
Regions:
Miami-Dade County, Southeast Florida
Cities:
Miami
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±80 Acres Middleton Avenue
Zoning: RR (SD) – Rural Residential Special Development
Close proximity to the Silverwood development a ±9,000 acre ,±15,000 planned home development
The property previously had a Tentative Tract Map for 72 lots
The subject property is also located at the end of Middleton Ave south of Summit Valley Road
This property has easy access to I-15 along with Highway 138
The property offers scenic views of the valley
Exceptional opportunity for an investor or builder
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