MLS#A11919179
STATUSActive
PROPERTY TYPECommercial - Business
Property Description
Prime North Miami 18-Unit Multifamily Asset Well-maintained 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.
Property Features
Property Type: Commercial - Business
Cooling: Wall/Window Unit(s)
Fenced: Yes
Heating: Wall/Window Units
Lot Size: 0.44 Acres
Roof Type: Composition Roll
Stories: 3.0
Taxes: $38,375
Year Built: 1962
Feature Descriptions
Crops Included Y/N: No
Days on Site: 195
Exterior: Concrete Block Construction
Flooring: Carpet, Ceramic Floor
Home Warranty Y/N: No
Lease Considered Y/N: No
Listing Terms: All Cash, Conventional/Refinance
Lot: In Residential Area
Parcel#: 30-22-32-000-0090
Property Attached Y/N: No
Property Sub-Type: Income/MultiFamily
Security: Security Fence
Sewer: Other
Water: Public
Listed By / Shown By
Listed By
Agency Name: Canvas Real Estate
Agency Phone: 954-332-7121
Shown By
Agency Title: Adams Cameron & Co. REALTORS
Agency Phone: 386-717-3445
1400 NE 111th St | MLS# A11919179
This commercial property located at 1400 NE 111th St, Miami, FL 33161 is currently listed for sale with an asking price of $4,000,000. Search Miami real estate on www.adamscameron.com today.