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Best Apartments 1400 NE 111th St 18 Unit Apartment Building $4,000,000 ($222,222/Unit) Miami, FL 33161
EXECUTIVE SUMMARY
Prime North Miami 18-Unit Multifamily Asset three-story apartment building offering 18 income-producing units in a strong rental corridor near Biscayne Blvd, major retail, and public transit. The property consists of 12 spacious 2BD/1BA units and 6 1BD/1BA units, with significant upside in rents as current rates trail area averages. Property features include gated entry, a central courtyard with pool, and an on-site laundry room equipped with 2 washers and 2 dryers for additional income. Exterior walkways and two stair towers provide efficient access to all units. Stable tenant base and straightforward management make this an attractive opportunity for both new and seasoned investors. Strong value-add potential through interior upgrades, rent stabilization, and repositioning. Located minutes from Miami Shores, FIU Biscayne Bay Campus, and major employment centers.
PROPERTY FACTS
| Price | $4,000,000 | Building Class | C |
| Price Per Unit | $222,222 | Lot Size | 0.44 AC |
| Sale Type | Investment | Building Size | 14,514 SF |
| No. Units | 18 | Average Occupancy | 72% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1962 |
| Apartment Style | Low-Rise | Parking Ratio | 1.38/1,000 SF |
| Zoning | RU-4L,County | ||
| Price | $4,000,000 |
| Price Per Unit | $222,222 |
| Sale Type | Investment |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.44 AC |
| Building Size | 14,514 SF |
| Average Occupancy | 72% |
| No. Stories | 3 |
| Year Built | 1962 |
| Parking Ratio | 1.38/1,000 SF |
| Zoning | RU-4L,County |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Range
- Lawn
- Large Bedrooms
SITE AMENITIES
- Fenced Lot
- Laundry Facilities
- Trash Pickup - Curbside
- Elevator
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | - | 650 |
| 2+1 | 12 | - | 750 |
1 1
Walk Score®
Very Walkable (74)
PROPERTY TAXES
| Parcel Number | 30-2232-000-0090 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,108,304 |
PROPERTY TAXES
Parcel Number
30-2232-000-0090
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,108,304
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Best Apartments | 1400 NE 111th St
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