Javier Ubeda with The Porosoff Group at Compass Commercial, as an exclusive listing agent, is pleased to offer for sale The Palms Miami, a 14-unit apartment complex located in the highly sought-after Allapattah neighborhood in Unincorporated Miami-Dade County.
Allapattah; The Palms Miami is situated in the heart of Allapattah, a short distance from the Civic Center/Health District which is the second largest concentration of medical and research facilities in the United States. The Health District is home to major employment drivers such as Jackson Memorial Hospital, University of Miami Hospital, Veterans Administration Hospital, Dade County Court House, and Miami Dade State Attorneys Office, among others. In addition, there is public transportation in the immediate area that includes the Metrobus and Miami Metrorail at Civic Center Station and Santa Clara Station.
The Metrorail connects directly to all the major hospitals and research centers and connects the district to downtown Miami, Dadeland, and Hialeah, as well as to Miami’s commuter rail system. The Allapattah neighborhood has experienced explosive growth in the last five years. New restaurants, art galleries, supermarkets, and apartment communities by Miami’s major developers like Urban-X Group’s River Landing, Related Group, and Neo Companies are among the most notable projects in the area.
The Palms Miami is an excellent opportunity for an investor looking to add value through renovations and increased rents, as well as asset appreciation through the gentrification of the neighborhood.
CRE Advisor Multifamily Hospitality Development
NMHC PAC Contributor
Tel: (305) 733-6066
License: FL SL3160379
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