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$ 4,000,000
Est. payment /mo
Active
1400 NE 111th St Miami, FL 33161
16,239 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 16,239 sqft
Price per Sqft $246
MLS Listing ID A11919179
HOA Y/N No
Year Built 1962
Annual Tax Amount $38,375
Tax Year 2024
Lot Size 0.440 Acres
Property Sub-Type Multi Family
Property 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 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.
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 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.
Location
State FL
County Miami-dade
Area 22
Interior
Heating Window Unit, Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Carpet, Ceramic Tile, Laminate
Exterior
Roof Type Composition
Private Pool Yes
Building
Story 3
Sewer Other
Water Public
Structure Type Block
Others
Tax ID 30-22-32-000-0090
Security Features Fenced
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11919179
Listed by Canvas Real Estate