1400 NE 111th St
Miami, FL 33161

Listed at $4,000,000

Details

  • MLS# A11919179
  • Commercial - Business
  • Status Active
  • 0 Bedrooms
  • Bathrooms
  • 0 Square Feet
  • 0.440 acres
  • Built in 1962
  • Local Schools

Description

Prime North Miami 18-Unit Multifamily Asset Well-maintained three-story apartment building offering 18 income-producing units in a strong rental corridor near Biscayne Blvd, major retail, and public transit. The property consists of 12 spacious 2BD/1BA units and 6 1BD/1BA units, with significant upside in rents as current rates trail area averages.Property features include gated entry, a central courtyard with pool, and an on-site laundry room equipped with 2 washers and 2 dryers for additional income. Exterior walkways and two stair towers provide efficient access to all units. Stable tenant base and straightforward management make this...read more an attractive opportunity for both new and seasoned investors.Strong value-add potential through interior upgrades, rent stabilization, and repositioning. Located minutes from Miami Shores, FIU Biscayne Bay Campus, and major employment centers.

Features

  • Wall/Window Unit(s)
  • Carpet
  • Ceramic Floor
  • Wall/Window Units
  • 3.0 Stories
  • $38,375 Taxes
  • Public
  • Built in 1962
View All Features

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All Property Features

  • Property Type: Commercial - Business
  • Cooling: Wall/Window Unit(s)
  • Crops Included Y/N: No
  • Days on Site: 194
  • Exterior: Concrete Block Construction
  • Fenced: Yes
  • Flooring: Carpet, Ceramic Floor
  • Heating: Wall/Window Units
  • Home Warranty Y/N: No
  • Lease Considered Y/N: No
  • Listing Terms: All Cash, Conventional/Refinance
  • Lot Description: In Residential Area
  • Lot Size: 0.44 Acres
  • Parcel#: 30-22-32-000-0090
  • Property Attached Y/N: No
  • Property Sub-Type: Income/MultiFamily
  • Roof Type: Composition Roll
  • Security: Security Fence
  • Sewer: Other
  • Stories: 3.0
  • Taxes: $38,375
  • Water: Public
  • Year Built: 1962