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11105 NE 9th Ave 2 Unit Apartment Building Offered at $875,000 at a 4.60% Cap Rate Biscayne Park, FL 33161
EXECUTIVE SUMMARY
Income generating and super charming Duplex in one of Miami’s hottest neighborhoods. Hurricane Windows, Central A/C, newer kitchen and bathrooms. Brand new drain field and updated septic, lot’s of savings in water! Extra large lot w/ Mango and Avocado trees. You can not go wrong with this property no matter what your plans are! Front and back porch, 2 Tandem parking spots. Great Income! Peaceful and secure Family neighborhood close to shopping, restaurants, beaches and highways. Best School district / Miami Country Day around the corner! Plenty of possibilities w/ this property e.g. live in one and the rent the other side or build your Dream Home and have rental income during the planning phase. Both sides are currently rented.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$61,200
|
$30.45
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$61,200
|
$30.45
|
| Taxes |
$13,495
|
$6.71
|
| Operating Expenses |
$7,454
|
$3.71
|
| Total Expenses |
$20,949
|
$10.42
|
| Net Operating Income |
$40,251
|
$20.03
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $61,200 |
| Annual Per SF | $30.45 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $61,200 |
| Annual Per SF | $30.45 |
| Taxes | |
|---|---|
| Annual | $13,495 |
| Annual Per SF | $6.71 |
| Operating Expenses | |
|---|---|
| Annual | $7,454 |
| Annual Per SF | $3.71 |
| Total Expenses | |
|---|---|
| Annual | $20,949 |
| Annual Per SF | $10.42 |
| Net Operating Income | |
|---|---|
| Annual | $40,251 |
| Annual Per SF | $20.03 |
PROPERTY FACTS
| Price | $875,000 | Property Type | Multifamily |
| Price Per Unit | $437,500 | Building Size | 2,010 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 4.60% | Year Built | 1949 |
| No. Units | 2 |
| Price | $875,000 |
| Price Per Unit | $437,500 |
| Sale Type | Investment |
| Cap Rate | 4.60% |
| No. Units | 2 |
| Property Type | Multifamily |
| Building Size | 2,010 SF |
| No. Stories | 1 |
| Year Built | 1949 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 2 | - | 950 |
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11105 NE 9th Ave
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