5-Unit Apartment
16103 Ne 19th Ct, North Miami Beach, FL 33162
For Sale
$1,700,000
Separate electric meters and on-site parking serve a fully occupied multifamily property in North Miami Beach.
Property Size4,562 SF
Price / SF$372.64
Days on Market9
Property Features for 16103 Ne 19th Ct
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
Tile
Yes
No
LessThanQuarterAcre
8.0
0.0
4562.0
Building Details
Building Size
Year Built
Stories
Tenancy
Listing Agency:
(786) 744-4615
Listed By:
Dariel Paula
Source:
Lacostahomesrealty
Added: Oct 30
Changed: Nov 6
Last Checked: Nov 6 at 3:02PM
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 Dariel Paula
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1969, this North Miami Beach apartment property contains five occupied units: four with two bedrooms and one bathroom, plus one with a bedroom and one bathroom. Tile flooring, updated interiors, separate electric meters, and on-site parking are among its features.
The property is west of US-1, with shopping centers, beaches, Aventura Mall, and major highways described as nearby.
The property is west of US-1, with shopping centers, beaches, Aventura Mall, and major highways described as nearby.
Key Highlights
- Five apartments, all currently rented
- Four 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit
- Separate electric meters for the apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,160
Cap Rate
4.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,403,200
$1.4M
Cap Rate 7%
$1,002,286
$1.0M
Cap Rate 9%
$779,556
$779.6K
Market Conditions
NOI Build-Up for 4,562 SF
Gross rent
$133.6K $29.28/SF
− Vacancy
−$6.0K −$1.32/SF
EGI
$127.6K $27.96/SF
− OpEx
−$57.4K −$12.58/SF
NOI
$70.2K $15.38/SF
Area
Miami-Dade County, FL
Vacancy
4.50%
Lease Rate
$29.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,403,200
Cap Rate 7%
$1,002,286
Cap Rate 9%
$779,556
Alternative Uses
Best Use
Apartment 5plus
$1.00M
$877.0K – $1.17M
NOI $70,160 @ 7.0% cap · market cap 4.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.31M
$2.03M – $2.70M
NOI $162,015 @ 7.0% cap · market cap 9.53%
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
5
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,074
Businesses Nearby
Explore this area
Business Placement
Demographics for 33162, FL
45,277
Population
16,719
Households
2.7
Avg Household Size
39
Median Age
21%
College-Educated
81%
High-School Grad
5.3 sq mi
ZIP Area
8,543
Density / Sq Mi
$55,993
Median Household Income
$31,848
Median Earnings
$1,535
Median Rent
$345,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/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 - Separate electric meters and on-site parking serve a fully occupied multifamily property in North Miami Beach.
Where is this apartment building located?
The property is located at 16103 Ne 19th Ct North Miami Beach, FL.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Five apartments, all currently rented; Four 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit; Separate electric meters for the apartments
