UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,995 sqft
Price per Sqft $495
MLS Listing ID A12067670
HOA Y/N No
Year Built 1947
Lot Size 0.390 Acres
Property Sub-Type Multi Family
Property Description
Priced at $2,475,000, or $225,000 per unit. 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.
Three institutional projects totaling 948 units are under construction within roughly a mile, delivering at rents this property does not compete with. The workforce demand those projects create operates in this price band. A full offering memorandum with comparable sale detail, the itemized expense build, and submarket documentation has been prepared for this offering.
Location
State FL
County Miami-dade
Area 22
Zoning 3700
Exterior
Roof Type Shingle
Private Pool Yes
Building
Story 1
Level or Stories One
Structure Type Block
Others
Tax ID 30-22-32-010-0411
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Corporate Listing
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