Renovated Multifamily Investment
For Sale
$610,000
Pending
1301 NE 110th Terrace, Miami, FL 33161
Two fully renovated multifamily properties, move-in ready, great for investment.
Property Size1,482 SF
Days on Market315
Property Features for 1301 NE 110th Terrace
General Information
Standard status
Pending
Size
1,482 SF
Property subtype
Residential Income
Zoning
3700
Taxes and HOA fees
Annual Taxes
$3,647
Building Details
Year Built
1930
Stories
1
Listing Agency:
Citadela Realty, Inc
Listed By:
Shlomo Nizahon
(954) 274-1800
Source:
Laerrealty
Added: Dec 3, 2025
Changed: Oct 7
Last Checked: Oct 12 at 4:41PM
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 Citadela Realty, Inc
Investment Insights
Based on property information with market context.
These beautifully renovated multifamily properties offer an excellent investment opportunity. The property includes two renovated buildings on a 0.1423-acre lot, equivalent to 6,200 square feet. The main house features 3 bedrooms and 2 bathrooms, a brand new kitchen with quartz countertops and stainless steel appliances, brand new LG washer and dryer, fully renovated bathrooms with new vanities, new ceramic floors, fresh paint, and new windows and doors. The second property has also been fully renovated, including a new kitchen, new windows, new vanities, and new ceramic floors. Both properties are move-in ready.
Key Highlights
- Two fully renovated properties on one lot.
- Main house: 3 bedrooms, 2 bathrooms.
- New kitchens in both properties with quartz countertops and stainless steel appliances in the main house.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,378
Cap Rate
4.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$547,560
$547.6K
Cap Rate 7%
$391,114
$391.1K
Cap Rate 9%
$304,200
$304.2K
Market Conditions
NOI Build-Up for 1,482 SF
Gross rent
$53.4K $36.00/SF
− Vacancy
−$3.6K −$2.41/SF
EGI
$49.8K $33.59/SF
− OpEx
−$22.4K −$15.11/SF
NOI
$27.4K $18.47/SF
Area
Miami, FL
Vacancy
6.70%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$547,560
Cap Rate 7%
$391,114
Cap Rate 9%
$304,200
Alternative Uses
Best Use
Apartment 5plus
$391.1K
$342.2K – $456.3K
NOI $27,378 @ 7.0% cap · market cap 4.49%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.00M
$875.3K – $1.17M
NOI $70,025 @ 7.0% cap · market cap 11.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,567
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
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Two fully renovated multifamily properties, move-in ready, great for investment.
Where is this multifamily property located?
The property is located at 1301 NE 110th Terrace Miami, FL.
What is the asking price?
The asking price for this property is $610,000.
What are key features of this property?
This property features: Two fully renovated properties on one lot.; Main house: **3 bedrooms, 2 bathrooms**.; New kitchens in both properties with **quartz countertops and stainless steel appliances in the main house**.
