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"Have you taken a look at rental prices lately? For a 1 bedroom in a rehabbed building this close to the urban core with easy access to Wynwood/Midtown/Design District/Downtown etc, $950 seems very reasonable. This isn't Homestead or Opa Locka, this is east of I95 near downtown. Put this same building in a "nicer neighborhood" like Edgewater or the Roads or Coconut Grove and the rents would easily be 20% higher."-Zachary Joslin [Corner Of Miami With Most Artists Gets Ten New 'Artist Apartments']