1316 NE 105th St - Apartments FOR SALE


Miami Shores, FL 33138
$3,150,000 USD
773-750-3320
1316 NE 105th St, Miami Shores, FL for Sale
$3,150,000 USD
Apartments - FOR SALE
1/15
null | 5.2% Cap Rate

1316 NE 105th St
Miami Shores, FL 33138


HIGHLIGHTS

  • Waterfront with new dock
  • Spacious units
  • Strategic location right off of Biscayne Boulevard
  • Plentiful parking available

OVERVIEW

Discover an exceptional opportunity to invest in an 8-unit waterfront apartment building nestled in Miami Shores Village. Situated in a prestigious A+ neighborhood, this property offers consistent rental income and promising long-term prospects. Each of the eight units is equipped with modern amenities, including stainless-steel appliances, granite countertops, full kitchens, and a mix of travertine and hardwood flooring. The landscaping has been thoughtfully redesigned to minimize maintenance while preserving its charm. Safety measures include hurricane shutters on all windows and impact-resistant doors throughout the property. Additionally, the subject property has undergone its 60-year recertification in 2023, ensuring compliance and longevity. This property presents a promising opportunity to own a waterfront asset in a highly regarded Miami neighborhood, offering stability and potential for long-term growth. Pro-forma Cap Rate is 6.45% (Pro-Forma NOI: $209,709). Please see attached OM for more detailed income information.

FOR SALE DETAILS

PRICE

$3,150,000 USD

PRICE/SF

$323 USD /SF

# OF UNITS

8

PRICE/UNIT

$393,750

CAP RATE

5.2%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2022

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

A-1

APN/PARCEL ID

11-2232-027-0150

ASK ABOUT THIS PROPERTY

Sam SchwartzSTL CommercialMore Info
773-750-3320

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Sam SchwartzSTL CommercialMore Info
773-750-3320

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