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8951 Sunset DrMiami, FL 33173
Sunset Apartments
Asset ClassMultifamily
Square Feet90,793
Significant Value-Add Opportunity
overview of deal

Overview

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.

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Investment Highlights

  • Significant Value-Add Opportunity
  • Priced Below Replacement Cost
  • Excellent Positioning
  • Suppy-Constrained Submarket
  • Rapid Commutes to Miami's Best Neighborhoods

Property overview

Property Stats
Property Name
Sunset Apartments
Address
8951 Sunset Drive, Miami, FL 33173
Folio
30-4028-000-0100
Year Built
1970
Unit Count
129 Untis
Building Area
±90,793 SF NRA
Land Area
±155,509 SF / ±3.57 AC
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8951 Sunset DrMiami, FL 33173

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