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Overview

Year Built

1962

19180 sqft
Property Type

Income/MultiFamily

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 Details

MLS#

A11919179

Total Floor in Bldg

3

Building

1400 NE 111th St

Address

1400 111th St NE

City

Miami

State/county

FL

Zip/Postal Code

33161

Area

Country

United States

HOA

No

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$38,375

Maint Fee

$--

Tax Year

2024

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Boris Gelfand