281 NE 112th St - Light Distribution FOR SALE


Miami, FL 33161
$695,000 USD
786-271-5870
281 NE 112th St, Miami, FL for Sale
$695,000 USD
Light Distribution - FOR SALE
1/16
null | 5.77% Cap Rate

281 NE 112th St
Miami, FL 33161


HIGHLIGHTS

  • Income-Producing from Day One
  • Renovated & Low-Maintenance
  • Value-Add Potential with Expansion Plans

OVERVIEW

TURNKEY 5.8% CAP RATE | $4,500/MO GUARANTEED INCOME THRU 4/2026 Executive Summary: Rare opportunity to acquire a high-performing, remodeled single-family rental in the rapidly appreciating North Miami corridor. This asset is a "set-and-forget" investment, currently leased to a high-quality tenant at a premium rate of $4,500/month until April 30, 2026. Financial Highlights: Net Operating Income (NOI): $40,100 Cap Rate: 5.8% (Actual) Gross Yield: 7.77% Low Overhead: Current lease structure requires tenant to pay for landscaping, significantly reducing landlord operational expenses and increasing net cash flow. The Asset: Remodeled: Modern 3-bedroom, 2-bathroom layout featuring high-end finishes, an open-concept kitchen. Strategic Location: Located in the heart of 33161, minutes from Biscayne Blvd, Bal Harbour, and major transit hubs. This area is experiencing consistent year-over-year rental growth and property appreciation. Investment Strategy: This is an ideal acquisition for a 1031 Exchange buyer or a portfolio investor seeking immediate, validated income with zero vacancy risk upon takeover. The long-term lease provides stability through 2026, with a lease expiration perfectly timed for the peak spring market.

FOR SALE DETAILS

PRICE

$695,000 USD

PRICE/SF

$401 USD /SF

CAP RATE

5.77%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Income-Producing SFH | 4BR/3BA Upside

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Light Distribution

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1957

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.13

LAND SF

5,663

ZONING

5700

APN/PARCEL ID

30-2231-035-0040

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.