1180 NW 99th St

The offering presents two clear paths to value: stabilize in-place rents to market and activate the church space for income. The apartment community consists of 12 oversized one-bedroom/one-bath units and 8 oversized two-bedroom/two-bath units, with the majority of tenants benefiting from Housing Choice Voucher (Section 8) assistance — providing a stable, reliable, government-backed income stream. Constructed in 2016, the residential buildings feature shingle roofs, central air conditioning, hurricane impact windows, and a single master water meter, resulting in exceptionally low ongoing maintenance for an asset of this vintage. Current rents sit well below market — one-bedrooms lease from $1,200 and two-bedrooms from $1,800, against pro-forma rents of $1,700 and $2,000 respectively — giving new ownership immediate mark-to-market upside as units turn. The on-site church is currently owner-occupied and generating no rental income, creating a straightforward value-add opportunity to lease the space at an estimated $4,500 per month and establish an additional revenue stream. Combined, these levers lift gross income from $260,400 to a pro-forma $490,800 and net operating income from $218,988 to $347,076 — a projected pro-forma cap rate exceeding 7%. The expansive 2.0-acre site also offers meaningful long-term redevelopment optionality. Ideally located just minutes from Downtown Miami, Miami International Airport, and major transportation corridors including Interstate 95, 1180 NW