1220-1222 NE 110th Ter, Miami, FL 33161
- Added:
- Jul 1, 2026
- Days on Market:
- 3
- Last Refresh:
- Jul 3 at 12:06 pm
Property Features for 1220-1222 NE 110th Ter
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Rooms
- Bedroom 4, Bedroom 2, Bedroom 3, Bathroom 1, Bedroom 1, Bathroom 3, Bathroom 2
- Parking
- 6
- Standard status
- Active
- APN
- 30-22-32-010-0370
- Size
- 2,090 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- BISCAYNE SHORES CORR PLAT PB 23-52 LOT 12 BLK 3 LOT SIZE 50.000 X 125 OR 17608-4204 0497 4
- Tax Annual Amount
- 8212
Utilities
- Utilities
- Cable Available
- Sewer type
- Septic Tank
- Heating system
- Central
- Cooling system
- Central Air, Electric
Building Details
- Year built
- 1954
- Floors in Building
- 1
- Flooring type
- Tile
- Building materials
- Block
Listing agent Elizabeth Hicks License #3625758 (941) 266-6873
Listing office Dalton Wade Inc 260 1st Ave S Suite 200, St. Petersburg, FL (941) 266-6873
Listing date Jul 1, 2026
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Fully legal 3‑unit triplex with two 2/1 units and one fully renovated efficiency
- In‑place rental income: 2/1 leased at $1,850 (was $1,850 until Sept 2025 and now leased at $1,850), second 2/1 at $1,750 month‑to‑month
- Efficiency unit leased at $1,395/month through Aug 31, 2026 with option to renew
- All units separately metered; tenants pay their own electricity
- Estimated expenses of approx. $8,000/year; water included up to $75/month with any overage split among tenants
- Construction materials: block; central heating and central air with electric; flooring: tile; year built 1954
Overview
Located in Miami near Biscayne Blvd on NE 110th Ter, the property is offered as a residential income asset in an area surrounded by shopping centers, restaurants, and businesses, with access to Downtown Miami, beaches, and major highways.
For investors or owner-users seeking in-place income, the triplex offers three distinct rental streams with existing leases in place and a vacant 2/1 unit positioned for re-tenanting. Expenses are estimated at approximately $8,000 per year. With the efficiency already renovated, the current configuration also allows for additional rent optimization should the remaining 2/1 unit(s) undergo renovation.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $64.0k | $30.60 |
| − Vacancy | −$4.1k | −$1.95 |
| EGI | $59.9k | $28.65 |
| − OpEx | −$18.0k | −$8.60 |
| NOI | $41.9k | $20.06 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.173335
- Latitude
- 25.877123
