1061 NW 108 ter, Miami, FL 33168
- Added:
- Jul 1, 2026
- Days on Market:
- 2
- Last Refresh:
- Jul 2 at 8:06 am
Property Features for 1061 NW 108 ter
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Rooms
- Bathroom 1, Bathroom 3, Bedroom 4, Bedroom 1, Bedroom 3, Bedroom 2, Bedroom 5, Bathroom 2
- Parking
- 6
- Standard status
- Pending
- APN
- 30-21-35-012-0400
- Size
- 2,355 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 35 52 41 5TH ADDN TO LAWNDALE PB 49-94 LOT 14 BLK 18 LOT SIZE 75.000 X 106 OR 10564-2265 1179 4
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1959
- Floors in Building
- 1
- Flooring type
- Vinyl
- Building materials
- Block
- Roof type
- Shingle
Listing agent Richard Carey License #3571830 (913) 963-9800
Listing office LoKation 1500 E Atlantic Blvd. The K. Co. Building, Pompano Beach, FL (954) 545-5583
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
- Triplex configuration with 3 separate units: two side‑by‑side units plus a back unit on one lot
- Unit mix: two units with 2 bedrooms/1 bathroom each, plus a back unit with 1 bedroom/1 bathroom
- Renovations reported: brand‑new roof, impact windows, water heaters, completely redone plumbing, and renovated kitchen and bathrooms
- Built in 1959 with block construction and shingle roofing
- Central heating and central air conditioning; vinyl flooring throughout
- Utilities include cable available; served by public sewer
Overview
Located in Miami, Florida within the 33168 area, the property is positioned for straightforward multi-unit living and renting. The offering also includes outdoor space and room for parking, landscaping, and day-to-day use around the building.
This layout can fit multiple tenant and owner-occupant scenarios, including living in one unit while renting the others or operating it as a residential income property. For buyers seeking a turn-key multi-family structure with the cited recent improvements, the property’s unit separation and updated interiors support practical occupancy from the outset.
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 | $72.1k | $30.60 |
| − Vacancy | −$4.6k | −$1.95 |
| EGI | $67.5k | $28.65 |
| − OpEx | −$20.2k | −$8.60 |
| NOI | $47.2k | $20.06 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.21556
- Latitude
- 25.874301
