Renovated 14-Unit Multifamily
1300 NE 110th Street Miami, FL 33161
1300 NE 110th Street, Miami, FL, 33161
$4,400,000
For Sale
$4,400,000
Fully renovated 14-unit boutique multifamily asset with secured gated access, garden patio amenities, and 14 dedicated parking spaces.
Property Size9,216 SF
Lot Size0.43 Acres
Price / SF$477.43
Days on Market43
Property Features for 1300 NE 110th Street
General Information
- Standard status
- Active
- Size
- 9,216 SF
- Lot size
- 0.43 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1960
Listing agency
BEACHFRONT REALTY INC
(305) 405-0615
Listed by
VERONICA R. ZALCBERG GOLDEMBERG · License #A12007208
Source
Corcoran
Added: Jun 9 Updated: Jul 21 at 2:02AM Checked: Jul 21 at 4:56AM
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 BEACHFRONT REALTY INC
Investment Insights
Based on property information with market context.
Casa Park is a fully renovated 14-unit boutique multifamily property situated on an oversized corner lot. The asset includes 9,216 square feet of rentable space and offers 14 dedicated parking spaces, including one ADA space. Interior and community features include a landscaped garden, BBQ/patio area, on-site fitness room, shared laundry facility, and secured gated access. The property is legally permitted for short-term rentals and is currently operated as a fully furnished boutique hospitality compound.
The property is located just off Biscayne Blvd (US-1) with quick access to I-95, and is minutes from Wynwood, the Design District, Edgewater, and Miami Beach. Seller financing is available, and the offering includes opportunities to optimize operations under the property’s short-term rental authorization.
The property is located just off Biscayne Blvd (US-1) with quick access to I-95, and is minutes from Wynwood, the Design District, Edgewater, and Miami Beach. Seller financing is available, and the offering includes opportunities to optimize operations under the property’s short-term rental authorization.
Key Highlights
- Fully renovated 14‑unit boutique multifamily asset (Year built 1960) on an oversized 18,750 SF corner lot
- 9,216 SF rentable space plus 14 dedicated parking spaces, including 1 ADA space
- Legally permitted for short‑term rentals (per PublicRemarks) and currently operating as a furnished boutique hospitality compound
Local Financial Insights For Apartment 5plus
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 | $331.8k | $36.00 |
| − Vacancy | −$22.2k | −$2.41 |
| EGI | $309.5k | $33.59 |
| − OpEx | −$139.3k | −$15.11 |
| NOI | $170.3k | $18.47 |
9,216 SF · lease $36.00/SF/yr · vacancy 6.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.43M
$2.13M – $2.84M
NOI $170,251 @ 7.0% cap · market cap 3.87%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.22M
$5.44M – $7.26M
NOI $435,460 @ 7.0% cap · market cap 9.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Georgina & Genevieve's Women ...
Alternative Medicine Practice
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FAQs
What type of property is this?
Apartment building - Fully renovated 14-unit boutique multifamily asset with secured gated access, garden patio amenities, and 14 dedicated parking spaces.
Where is this apartment building located?
The property is located at 1300 NE 110th Street Miami, FL.
What is the asking price?
The asking price for this property is $4,400,000.
What are key features of this property?
This property features: Fully renovated 14‑unit boutique multifamily asset (Year built 1960) on an oversized 18,750 SF corner lot; 9,216 SF rentable space plus 14 dedicated parking spaces, including 1 ADA space; Legally permitted for short‑term rentals (per PublicRemarks) and currently operating as a furnished boutique hospitality compound
