6-Unit Apartment
12195 NE 11th Pl, North Miami, FL 33161
For Sale
New
$1,050,000
Fully occupied multifamily property with individual exterior entrances and on-site parking.
Property Size3,502 SF
Lot Size0.15 Acres
Price / SF$299.83
Days on Market2
Property Features for 12195 NE 11th Pl
General Information
Standard status
Size
Elevators
Lot size
Property subtype
Occupancy
Site & Location
Neighborhood
Highway Access
Utilities to Site
Units
Multifamily Units
Individually Metered Utilities
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Units
Construction
Listing Agency:
Julie's Realty, LLC
Listed By:
Hubert Jean · License #3544862
(786) 657-6458
Source:
Elliman
Added: Nov 8
Last Checked: Nov 8 at 4:44PM
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 Julie's Realty, LLC
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Investment Insights
Based on property information with market context.
This six-unit apartment property in North Miami was built in 1959 using CBS construction and contains 3,502 square feet on a 6,750-square-foot lot. Each residence has its own exterior entrance, with no shared interior corridors or elevator. The roof and air-conditioning systems were replaced within the last five years. Parking is provided on site.
Separate electric meters serve all six units, with electricity paid by tenants; water is measured through one owner-paid meter. The property is near Biscayne Boulevard, FIU Biscayne Bay, the 125th Street corridor and I-95. Walk Score is 81, Bike Score is 63 and Transit Score is 45.
Separate electric meters serve all six units, with electricity paid by tenants; water is measured through one owner-paid meter. The property is near Biscayne Boulevard, FIU Biscayne Bay, the 125th Street corridor and I-95. Walk Score is 81, Bike Score is 63 and Transit Score is 45.
Key Highlights
- Six‑unit apartment building in North Miami
- 3,502 SF building on a 6,750 SF lot
- Built in 1959 with CBS construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,343
Cap Rate
5.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,086,860
$1.1M
Cap Rate 7%
$776,329
$776.3K
Cap Rate 9%
$603,811
$603.8K
Market Conditions
NOI Build-Up for 3,502 SF
Gross rent
$105.9K $30.24/SF
− Vacancy
−$7.1K −$2.03/SF
EGI
$98.8K $28.21/SF
− OpEx
−$44.5K −$12.70/SF
NOI
$54.3K $15.52/SF
Area
Miami-Dade County, FL
Vacancy
6.70%
Lease Rate
$30.24 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,086,860
Cap Rate 7%
$776,329
Cap Rate 9%
$603,811
Alternative Uses
Best Use
Apartment 5plus
$776.3K
$679.3K – $905.7K
NOI $54,343 @ 7.0% cap · market cap 5.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.91M
$1.67M – $2.23M
NOI $133,865 @ 7.0% cap · market cap 12.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
6
Residential units
100%
Occupancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,165
Businesses Nearby
Explore this area
Business Placement
Demographics for 33161, FL
53,015
Population
18,912
Households
2.8
Avg Household Size
37
Median Age
21%
College-Educated
81%
High-School Grad
5.5 sq mi
ZIP Area
9,639
Density / Sq Mi
$55,265
Median Household Income
$34,311
Median Earnings
$1,494
Median Rent
$376,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Miami-Dade County, FL
Properties on Market for Apartment buildings in Miami-Dade County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied multifamily property with individual exterior entrances and on-site parking.
Where is this apartment building located?
The property is located at 12195 NE 11th Pl North Miami, FL.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Six‑unit apartment building in North Miami; 3,502 SF building on a 6,750 SF lot; Built in 1959 with CBS construction
