210 NE 110th St - Apartments FOR SALE


Miami, FL 33161
$679,000 USD
786-271-5870
210 NE 110th St, Miami, FL for Sale
$679,000 USD
Apartments - FOR SALE
1/33
null | 5.36% Cap Rate

210 NE 110th St
Miami, FL 33161


HIGHLIGHTS

  • Legal duplex – two side-by-side units that feel like individual homes
  • Fenced property with two pergolas and mature trees
  • Ideal for investors or house hackers

OVERVIEW

HIGH-YIELD DUPLEX | NEW 2024 ROOF | Executive Summary: Strategically located in the high-demand North Miami (33161) submarket, this fully remodeled duplex offers a turnkey opportunity for an investor seeking immediate cash flow and long-term appreciation. The property features a Brand New 2024 Permitted Roof, providing the owner with significant insurance savings and zero deferred maintenance for years to come. Financial Highlights: Pro-Forma Monthly Income: $4,100 ($2,550 + $1,750) Net Operating Income (NOI): $41,200 Cap Rate: 5.36% Gross Yield: 7.6% Property Layout & Amenities: Unit A (2/1): Features premium flooring, updated kitchen, and a private gated yard with a custom pergola. Estimated Rent: $2,550. Unit B (1/1): Fully independent unit with private entrance and its own gated yard/pergola. Estimated Rent: $1,750. Separated Outdoor Living: Unlike standard duplexes, this property offers distinct private outdoor spaces for each unit, allowing for premium rental rates and high tenant retention. Investment Strategy: The "House Hack" Candidate: Perfect for FHA/VA buyers who wish to live in one unit while the other unit pays for the majority of the mortgage. The new roof makes it easily financeable with all loan types. Strategic Growth Area: Situated in a pocket of North Miami that is seeing rapid gentrification and rental rate increases. Located minutes from Barry University, Biscayne Blvd, and Miami Shores. Low Operational Risk: Modernized systems and a 2024 roof de-risk the investment from a CapEx perspective.

FOR SALE DETAILS

PRICE

$679,000 USD

PRICE/SF

$509 USD /SF

# OF UNITS

2

PRICE/UNIT

$339,500

CAP RATE

5.36%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Miami Duplex |8.3% Pro Forma Cap|Prime Rental

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1940

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,142 SF

ZONING

5700

APN/PARCEL ID

30-2231-032-0151

ASK ABOUT THIS PROPERTY

Carmen RedondoKamany RealtyMore Info
786-271-5870

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Carmen RedondoKamany RealtyMore Info
786-271-5870

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