1385 NE 105th St - Apartments FOR SALE


Miami Shores, FL 33138
$1,995,000 USD
305-697-7011
1385 NE 105th St, Miami Shores, FL for Sale
$1,995,000 USD
Apartments - FOR SALE
1/23
null | 4.53% Cap Rate

1385 NE 105th St
Miami Shores, FL 33138


HIGHLIGHTS

  • Stabilized, fully occupied boutique 6-unit multifamily asset with substantial rental upside.
  • Exceptional east-of-Biscayne Blvd Miami Shores location, steps from Biscayne Bay and proximate to Miami Shores golf, tennis & waterfront recreation.
  • Oversized +/- 795 SF residences with private screened-in porches.
  • Bright, updated interiors with impact windows & doors.
  • Private on-site surface parking + easy ingress/egress, with direct access to Biscayne Blvd, upscale grocers, dining and neighborhood.
  • New roof underway + completed building recertification.

OVERVIEW

THE ALPHA COMMERCIAL ADVISORS® PROUDLY PRESENTS A BOUTIQUE 6-UNIT MULTIFAMILY ASSET OFFERING STABILIZED IN-PLACE INCOME + RENTAL UPSIDE IN AN EXCEPTIONAL EAST-OF-BISCAYNE MIAMI SHORES LOCATION.... This well-maintained income property combines stable cash-flow with a clear path for continued organic rental growth, featuring six oversized +/- 795 SF 1-BR residences, each offering private screened-in patio and select units configured with flexible den areas. Updated, bright interiors, some with stainless steel appliances and remaining value-add potential in the others, impact windows and doors, on-site laundry, and private surface parking create an elevated, low-density residential experience distinguished from conventional condominium living. Positioned east of Biscayne Boulevard just steps from the waterfront, the property offers a unique combination of tranquility and everyday convenience. Residents enjoy quick access to main commercial corridors while remaining surrounded by the recreational and lifestyle amenities of the Miami Shores area, including nearby golf, tennis, waterfront recreation, upscale grocers, dining, and neighborhood retail. With completed building recertification and a new roof underway, this is an attractive opportunity to acquire a low-maintenance asset with durable income, attainable upside, and long-term appreciation potential in one of Miami's most established residential enclaves. INVESTMENT HIGHLIGHTS Stabilized Boutique Cash-Flow: Fully occupied 6-unit multifamily asset with market-rate annual tenancies, providing dependable in-place income with additional organic rental upside available with further interior upgrades. Elevated Low-Density Living: Spacious +/- 795 Sq. Ft. residences pair bright, updated interiors with private screened-in porches, creating a distinctive indoor-outdoor living experience rarely found within Miami's traditional rental inventory. Biscayne Bay + Boulevard Adjacency: East-of-Biscayne setting offering immediate access to Whole Foods, Publix, Miami Shores Golf & Country Club, and Quayside Tennis Club, pairing everyday convenience with the recreation and lifestyle advantages of the surrounding waterfront community. Turn-Key Condition + Capital Certainty: Impact windows and doors, completed building recertification, and a new roof underway minimize near-term capital requirements while supporting continued tenant demand.

FOR SALE DETAILS

PRICE

$1,995,000 USD

PRICE/SF

$276 USD /SF

# OF UNITS

6

PRICE/UNIT

$332,500

CAP RATE

4.53%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,001 SF

ZONING

A1

APN/PARCEL ID

11-2232-027-0100

ASK ABOUT THIS PROPERTY

Jamie ManiscalcoThe Alpha CommercialMore Info
305-697-7011

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Jamie ManiscalcoThe Alpha CommercialMore Info
305-697-7011

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.