House 57 + The Flats
58 Beds Across the Street from UMiami
Marketing description
This offering represents the opportunity to acquire a student housing community in Miami, Florida, pedestrian to the University of Miami. This offering includes House 57 and The Flats, which are located next to each other. House 57 is a 12-unit, 42-bed apartment building with a mix of three- and four-bed units with bed-bath parity built in 2016. The Flats are two duplexes totaling 4 units and 16 beds with bed-bath parity built in 2018.
According to College House, there are only five other purpose-built student housing properties within one mile of UMiami’s campus amounting to less than 2,000 beds. With UMiami’s consistent growth over the past few years, demand for purpose-built beds is increasing.
House 57 + The Flats offers amenities to its residents including a rooftop lounge with hot tubs, outdoor grilling station, picnic garden, study room, controlled security access, and ground-floor parking.
This offering represents 100 percent fee-simple interest in House 57 + The Flats, free and clear of any debt. This enclosed and confidential offering memorandum is only for review of prospective purchasers in order to evaluate House 57 + The Flats and a possible acquisition.
Investment highlights
16-Unit, 58-Bed Student Housing Community
- This offering includes House 57 and The Flats, which are located next to each other. House 57 is a 12-unit, 42-bed apartment building with a mix of three- and four-bed units with bed-bath parity built in 2016. The Flats are two duplexes totaling 4 units and 16 beds with bed-bath parity built in 2018.
Pedestrian to the University of Miami
- House 57 + The Flats sit directly across the street from the University of Miami. This is arguably the best-located student housing property at UMiami.
Strong Enrollment Growth
- UMiami has seen consistent enrollment growth over the past five years. For the 2024-25 school year, the university welcomed one of the largest and most accomplished freshman classes ever, bringing total enrollment to 19,852.
Limited Purpose-Built Supply
- According to College House, there are only five other purpose-built student housing properties within one mile of UMiami’s campus amounting to less than 2,000 beds.
Shared Tenant Amenities
- House 57 + The Flats offers amenities to its residents including a rooftop lounge with hot tubs, outdoor grilling station, picnic garden, study room, controlled security access, and ground-floor parking. All amenities are located at House 57, but residents at The Flats are welcome to use them.
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