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Income Producing Triplex in Miami

1064 NW 103rd St, Miami, FL 33150

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For Sale

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Income-generating triplex with recent updates and tenant occupancy.

Type:Multifamily

Property size:

1,792 SF

Price / SF:

$326/SF

HighLights

Income‑producing property with potential for increased rental income.
New roof installed in 2022.
Two separate electric and water meters simplifying utility management.
Unit 1066 divided into a 2/1 and a studio, maximizing rental potential.
Well‑maintained plumbing with PVC piping and recently cleaned septic tank.
Hurricane shutters updated in 2019.

We can help!

Listing Contact

Jeatiah Jean

For Sale

Contact for pricing

Income-generating triplex with recent updates and tenant occupancy.

Type:Multifamily

Property size:

1,792 SF

Price / SF:

$326/SF

Added:: Jun 27, 2024
Days on Market:: 716
Last Refresh:: May 12 at 8:28 pm

Property Features for 1064 NW 103rd St

General Information

Standard status: Active
Size: 1,792 SF
Property subtype: Multifamily

Building Details

Year Built: 1949

We can help!

Listing Contact

Jeatiah Jean

Listing agent Jeatiah Jean License #3488270

Listing office Lifestyle International Realty

Listing date Jun 27, 2024

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Lifestyle International Realty

HighLights

Income‑producing property with potential for increased rental income.
New roof installed in 2022.
Two separate electric and water meters simplifying utility management.
Unit 1066 divided into a 2/1 and a studio, maximizing rental potential.
Well‑maintained plumbing with PVC piping and recently cleaned septic tank.
Hurricane shutters updated in 2019.

Overview

This income-producing triplex features three units. One unit, designated 1066 (3/2), has been divided into a 2/1 and a studio. The property includes hookups for a washer and dryer in two of the units. The property has two electric meters and two water meters. Hurricane shutters were updated in 2019. A new roof was installed in 2022. The plumbing system is maintained with PVC piping, and the septic tank has been recently cleaned. Tenants have been informed of the sale and are willing to stay. The 2/1 unit is available for showings, with the other two units available for viewing after going under contract. The property size is 1792 square feet.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$54.8k	$30.60
− Vacancy	−$3.5k	−$1.95
EGI	$51.3k	$28.65
− OpEx	−$15.4k	−$8.60
NOI	$35.9k	$20.06

1,792 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$513.4K

$449.3K – $599.0K (±1% cap)

NOI $35,940 @ 7.0% cap · market cap 6.14%

Second Best

Apartment 5plus

$472.9K

$413.8K – $551.7K (±1% cap)

NOI $33,104 @ 7.0% cap · market cap 5.66%

Theoretical Best

Specialty Retail

$1.21M

$1.06M – $1.41M (±1% cap)

NOI $84,673 @ 7.0% cap · market cap 14.47%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Location Insight

Map
Local Demand

City: Miami
County: Miami-Dade
State: Florida
Longitude: -80.21534
Latitude: 25.868706

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For sale
Triplexes
FL
Miami
33150
1064 NW 103rd St

What type of property is this?

Triplex - Income-generating triplex with recent updates and tenant occupancy.

Where is this triplex located?

The property is located at 1064 NW 103rd St Miami, FL.

What is the asking price?

The asking price for this property is $585,000.

What are key features of this property?

This property features: Income‑producing property with potential for increased rental income.; New roof installed in 2022.; Two separate electric and water meters simplifying utility management.