1400 NE 111th St - Apartments FOR SALE


Miami, FL 33161- Biscayne Park
$4,000,000 USD
786-308-1989
1400 NE 111th St, Miami, FL for Sale
$4,000,000 USD
Apartments - FOR SALE
1/6
null | Request Cap Rate

1400 NE 111th St
Miami, FL 33161
Biscayne Park


OVERVIEW

Prime North Miami 18-Unit Multifamily Asset 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.

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$276 USD /SF

# OF UNITS

18

PRICE/UNIT

$222,222

CAP RATE

Request Cap Rate

% LEASED

72%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Best Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1962

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

19,179 SF

ZONING

RU-4L,County

APN/PARCEL ID

30-2232-000-0090

ASK ABOUT THIS PROPERTY

Lorenzo GutierrezCanvas Real EstateMore Info
786-308-1989

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Lorenzo GutierrezCanvas Real EstateMore Info
786-308-1989

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