Hi everyone,

I’m looking to connect with investors and operators who are actively buying income-producing workforce housing, micro-unit, co-living, or room-rental-style assets in South Florida, especially in Broward, Miami-Dade / Hialeah.

I’m seeing more activity around assets that already have in-place NOI, but still offer upside through:

• Lease-up of vacant units

• Better property management

• Rent optimization

• Furnished-room operations

• Laundry / ancillary income

• Operational cleanup

• Future refinance once stabilized

I’m especially interested in hearing from buyers who understand this type of product, since it is not always the same as a traditional apartment building. Shared-bath layouts, smaller unit sizes, furnished rooms, and workforce housing demand require a different underwriting approach.

For those actively buying in this space:

What cap rate range are you targeting right now for stabilized or partially stabilized assets in Miami-Dade or Broward?

Also curious how buyers are currently looking at:

• Current cap rate vs. stabilized cap rate

• Price per unit

• NOI verification

• Occupancy upside

• Seller financing vs. cash / hard money

• Closing timeline expectations
  

I’d like to connect with serious investors, operators, private lenders, and groups actively looking for this type of income-producing asset in South Florida.

If you are buying in this space, feel free to comment or send me a message.