1385 NE 105th St 6 Unit Apartment Building $1,995,000 ($332,500/Unit) 4.53% Cap Rate Miami Shores, FL 33138

THE ALPHA COMMERCIAL ADVISORS® PROUDLY PRESENTS A BOUTIQUE 6-UNIT MULTIFAMILY ASSET OFFERING STABILIZED IN-PLACE INCOME + RENTAL UPSIDE IN AN EXCEPTIONAL EAST-OF-BISCAYNE MIAMI SHORES LOCATION....
This well-maintained income property combines stable cash-flow with a clear path for continued organic rental growth, featuring six oversized +/- 795 SF 1-BR residences, each offering private screened-in patio and select units additionally configured with flexible den areas. Updated, bright interiors, stainless steel appliances, impact windows and doors, on-site laundry, and private surface parking create an elevated, low-density residential experience distinguished from conventional condominium living.
Positioned east of Biscayne Boulevard just steps from the waterfront, the property offers a unique combination of tranquility and everyday convenience. Residents enjoy quick access to main commercial corridors while remaining surrounded by the recreational and lifestyle amenities of the Miami Shores area, including nearby golf, tennis, waterfront recreation, upscale grocers, dining, and neighborhood retail. With completed building recertification and a new roof underway, this is an attractive opportunity to acquire a low-maintenance asset with durable income, attainable upside, and long-term appreciation potential in one of Miami's most established residential enclaves.
INVESTMENT HIGHLIGHTS
Stabilized Boutique Cash-Flow: Fully occupied 6-unit multifamily asset with market-rate annual tenancies, providing dependable in-place income with additional organic rental upside available.
Elevated Low-Density Living: Spacious +/- 795 Sq. Ft. residences pair bright, updated interiors with private screened-in porches, creating a distinctive indoor-outdoor living experience rarely found within Miami's traditional rental inventory.
Biscayne Bay + Boulevard Adjacency: East-of-Biscayne setting offering immediate access to Whole Foods, Publix, Miami Shores Golf & Country Club, and Quayside Tennis Club, pairing everyday convenience with the recreation and lifestyle advantages of the surrounding waterfront community.
Turn-Key Condition + Capital Certainty: Updated interiors, stainless steel appliances, impact windows and doors, completed building recertification, and a new roof underway minimize near-term capital requirements while supporting continued tenant demand.