1300 NE 110th St 14 Unit Apartment Building $4,900,000 ($350,000/Unit) 3.42% Cap Rate Miami, FL 33161

Casa Park is a 14-unit multifamily property on an oversized 18,750 SF corner lot at 1300 NE 110th Street, Miami FL 33161. The property offers 9,216 SF of rentable area across two stories, with 14 dedicated parking spaces including 1 ADA disability space, and a full amenity suite. Built in 1960 and recently renovated with a premium boutique aesthetic, it is legally permitted for short-term rentals, one of the rarest designations in Miami-Dade County. Strategically positioned steps from the high-end neighborhoods of Miami Shores and Biscayne Park, and within a short drive of Miami's most sought-after destinations — 10–15 minutes to Wynwood, Edgewater, and the Miami Design District, and just 15 minutes to Miami Beach. One block west of Biscayne Blvd (US-1) with direct access to I-95, the property draws consistent demand from both leisure
and business travelers year-round. The asset currently operates as a fully furnished, Stayplus-managed boutique hospitality compound. The Short-Term Rental (STR)
strategy reflects current in-place operations at ~$2,012/unit/month, with a stabilized proforma targeting $2,400/unit/month through optimized dynamic pricing and full OTA channel deployment. The oversized corner lot also presents a compelling long-term redevelopment optionality story.