1239 NE 110th Street, Miami, FL 33161
- $2,475,000
- List Price
- $2,475,000
- Status
- ACTIVE
- Days on Market
- 5
- MLS#
- A12071356
- Subtype
- Residential Income
- Year Built
- 1947
- Subdivision
- Biscayne Shores
- MLS Area Major
- 2220
Property Description
11 UNIT Commercial Multifamily garden apartment community in a pocket of unincorporated Miami-Dade, one block west of Biscayne Blvd between Miami Shores and North Miami. Single-story reinforced concrete, renovated in 2019, arranged around a central lawn. *UNIT MIX: 7x Studio, 4x 1BR* Each unit is separately metered for electric. Priced at $225,000 per door. That basis falls inside the band set by ten closed mainland trades since November 2025, including a 1948 fourplex one block away on NE 110th Terrace that sold for $223,750 per unit in May 2026. The pro forma applies market rents of $1,325 per studio and $1,835 per one-bedroom, figures well below the $2,244 submarket average asking rent, leaving room for growth on ordinary turnover. Pro forma figures are assumptions, not statements of current collections. Buyer to verify all information independently.This is a fantastic value-add opportunity if you manage your own rentals, are looking to level up from single family homes, or looking to get placed into the right area with strong future appreciation potential. Elevated site above grade, you have to see for yourself! We can help with commercial multifamily debt options as well through our network of CRE lenders. Reach out today for more information!
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Additional Information
- Taxes
- $22,663
- Flooring
- Tile, Vinyl
- Heating
- Separate Meters, Wall Furnace
- Air Conditioning
- Wall/Window Unit(s)
- Exterior Construction
- Block
- Stories
- 1
- Roof
- Shingle
- Elementary School
- Miami Shores
- Middle School
- Horace Mann
- High School
- Miami Edison
Listing courtesy of Keller Williams Legacy. Contact:
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All listings featuring the RAPB + GFLR logo are provided by the Realtors® of the Palm Beaches and Greater Fort Lauderdale, Inc. and BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2019 Realtors® of the Palm Beaches and Greater Fort Lauderdale Inc. and BeachesMLS, Inc.
Agent: Kevin Kohler | Email: kevin@thekohlerteam.com