B-3 Multifamily Low Income Rent Miami (40 Units) 2024-2028 (Active)
40-Unit Multifamily Investment – (Active)
Project Type: Workforce Multifamily – Value-Add + Cash Flow + Equity Appreciation
Location: Miami, Florida – 33150 (North Miami – Opportunity Zone)
Strategy: Buy – Stabilize – Renovate – Increase NOI – Hold for Cash Flow & Equity Exit
Asset Size: 40 Residential Units
Project Duration: 3–5 Years
Exit Strategy: Sale or Refinance based on Improved Valuation
Financial Summary :
| Category | Amount (USD) |
|---|---|
| Acquisition Price | $8,000,000 |
| Renovation/CapEx Budget | $850,000 |
| Total Investment | $8,850,000 |
| Stabilized Annual NOI | $796,500 |
| Stabilized Cap Rate | 9.0% |
| Projected Sale Price (Year 5) | $11,500,000 (based on 6.9% cap) |
| Equity Growth at Exit | 30%+ |
| Total ROI (Cash Flow + Equity) | Estimated 45%–50% over 5 years |
| Project Duration | 3–5 Years |
Property Description:
This project centered on the acquisition of a 40-unit multifamily asset in Miami’s 33150 zip code — a historically underserved but rapidly improving urban core with access to transit, employment centers, and rising rental demand. The investment plan included:
-
Off-market acquisition of a fully leased but underperforming property at below replacement cost
-
Renovation of interior units, common areas, and exterior for rent uplift and tenant quality
-
Professional management to stabilize operations and increase collections
-
Strategy designed to combine strong cash flow (9% cap rate) with significant equity growth through NOI expansion
Strategic Takeaway:
This project demonstrated the power of combining stabilized cash flow with long-term equity growth in an emerging Miami submarket. The 33150 zip code provided both affordability demand and urban revitalization momentum. With a stabilized 9% cap rate and a projected 30%+ equity increase, this 40-unit asset stands as a successful model for scalable value-add multifamily investing in South Florida.
Living Room Lighting
RESIDENCES
Ownership at West Eleventh comes with many advantages, but none more beneficial than our unique hosting on Airbnb. With the option to host 365 days on Airbnb, West Eleventh is the first centrally managed residential tower to offer owners this distinctive luxury.
With fully centralized management, the property has been specifically optimized for effortless hosting on Airbnb, giving owners living flexibility while providing peace of mind. Our expertly trained concierge will assist you in creating your personalized listing, from providing professional photography of the building to helping you craft the perfect description.
WEST ELEVENTH not only offers owners a fully furnished luxury home, but the option to seamlessly host on Airbnb.
West Eleventh Miami Residences
LIFESTYLE Amenities
Take living to a new direction never before imagined. West Eleventh takes every detail into account and every convenience is considered to offer residents a tailored and unique experience.
This 44-story luxury tower, was designed by internationally renowned architecture firm Sieger Suarez Architects and infused with artistic attention throughout. From the high design lobby and state-of-the-art fitness and wellness center to the 20,000 square foot amenity level with are sort style pool and private lounges.
Take living to a new direction never before imagined. West Eleventh takes every detail into account and every convenience is considered to offer residents a tailored and unique experience
West Eleventh Amenities
OTHER Amenities include
- Flooring selections included with specifications recommended by Cotofana Designs
- All residences come equipped with a contemporary lighting package, including recessed lighting, dimmers, and lighting control
- Pre-wired for high-speed communications, multiple telephone lines, and cables
Gallery
LOCATION
Your home should feel like the center of the world. Located in Miami’s bustling District 11, The West Eleventh Residences have breathtaking views of the Miami skyline and Biscayne Bay. This towering building exudes an “on top of the world” feeling while still providing a welcoming home-like undertone within each residence. Choose a day of relaxation and let the wellness focused amenities lead you, indulge in an experience of international culinary expertise, or head out and let the night take you on its own adventure. It’s all easy to do when everything is only steps from the building – situated at the heart of the city in District 11, considered one of Miami’s newest and most coveted entertainment destinations.
In the center of it all
Other nearby attractions include:
- E11EVEN® Hotel & Residences
- E11EVEN® Residences Miami Beyond
- Miami World center Featuring 300,000 SF of retail, food and beverage, and entertainment space.
- Adrienne Arsht Center for the Performing Arts
- Pérez Art Museum Miami (PAMM)
- Phillip & Patricia Frost Museum of Science
- Museum Park
- Miami Arena
- Freedom Tower at Miami Dade College
- Port Miami11.Bayside Marketplace
- Miami Dade College – Wolfson Campus
- Bayfront Park
- Olympia Theater
- MiamiCentral Station
- Waldorf Astoria Residences Miami
Center your world
Your home should feel like the center of the world. Located in Miami’s bustling District 11, The West Eleventh Residences have breathtaking views of the Miami skyline and Biscayne Bay. This towering building exudes an “on top of the world” feeling while still providing a welcoming home-like undertone within each residence. Choose a day of relaxation and let the wellness focused amenities lead you, indulge in an experience of international culinary expertise, or head out and let the night take you on its own adventure. It’s all easy to do when everything is only steps from the building – situated at the heart of the city in District 11, considered one of Miami’s newest and most coveted entertainment destinations.
English 
Spanish