Avison Young is pleased to exclusively offer for sale the Sunset Apartments, a 129-unit, 90,793 SF NRA apartment community positioned on a ±3.57 AC parcel located in Miami’s desirable Kendall suburb. Built in 1970, this well-maintained property represents a rare opportunity to acquire a value-add multifamily asset for well-below construction cost in one of Miami-Dade County's most sought-after residential markets. Sunset Apartments features spacious unit layouts, ample parking, and a compelling location, providing a strong foundation for rental growth through targeted renovations.
Sunset Apartments offers significant upside potential for investors, with market rents in Kendall averaging $2,333 per unit and opportunities to bridge the gap through unit modernization and operational efficiencies. Positioned in a supply-constrained submarket with only 678 units under construction, this Property presents a compelling investment opportunity to secure stable cash flow and long-term value appreciation in Miami's thriving multifamily market.