09/24/2026
New Multifamily Offering | Buena Vista Flats, Miami
ElevenTrust Real Estate Services is pleased to present Buena Vista Flats, a 91-unit multifamily community on 2.21 acres in Lemon City, just north of Wynwood, Midtown and the Miami Design District.
Offering highlights:
Asking price: $18,750,000 ($206,044 per unit)
5.45% cap rate on Year 1 NOI of $1,021,815
100% occupied, with in-place rents below market
Ten two-story buildings on a 106,187 SF T4-R site
7.23% cap rate at Year 5 pro forma
The asset offers a clear value-add path through operational improvements and rental growth. It also provides long-term redevelopment optionality on a land assemblage that is increasingly difficult to find in this submarket.
To request the full Offering Memorandum or schedule a tour, contact Rafael Fermoselle, Managing Partner:
📞 (305) 299-4136
✉️ [email protected]
Tours by appointment only. Please do not disturb tenants.
https://conta.cc/4iHP7C0
Buena Vista Flats — 91 Units, Miami FL — $18,750,000 Offering Memorandum New Multifamily Offering · Miami, FL Buena Vista Flats 5601 NW 1st Avenue, Miami, FL 33127 — Lemon City $18,750,000 | 91 un